Web3 Diaries: Arbitrum Proposal To Return 700mn
A controversial proposal seeking the return of 700 million ARB governance tokens to Arbitrum’s DAO treasury was rejected by a massive number of votes on April 15. The improvement proposal called AIP-1.05 was introduced after the Arbitrum Foundation transferred funds without community approval in March.
The proposal was defeated by 118 million votes, representing 84% of the total votes received, while 21 million ARB tokens voted for the proposal, nearly 14.5% of the total.
Around 2 million ARB tokens abstained. The proposal asked the foundation to return the tokens as a “symbolic gesture to demonstrate that the governance holders ultimately control the DAO, not the Arbitrum service provider nor the Foundation.”
1 mn Ether Withdrawn Since Ethereum’s Shanghai Hard Fork
The amount of ether withdrawn since Ethereum’s Shanghai hard fork has surpassed one million coins.
The Shanghai hard fork — part of an upgrade package called Shapella — went live just before 6:30 p.m. EDT on April 12 at block height 6209536. It allowed Ethereum stakers to withdraw their ether rewards for the first time since Beacon-chain deposits began in late 2020.
The total amount of withdrawn ether currently stands at 1.02 million coins, according to data from token.unlocks.
ABP Networks enters into Metaverse
ABP Nadu, the ABP Network’s Tamil Nadu news platform, has entered the virtual world by entering into the Metaverse.
To celebrate second anniversary of ABP Nadu, the regional digital arm launched ABP Metaverse, in partnership with Delhi-based metaverse development platform Graphity.
ABP Network has become the first Indian publisher to enter this space.
ABP Nadu Metaverse will be officially introduced to users, with the goal to offer a breakthrough immersive and interactive experience and enabling them to connect with news and events in an entirely new way.
With ABP Metaverse, ABP Network has cemented its position as a pioneer in the media industry.
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