Arbitrum, the L2 scaling project, has announced the launch of a self-executing DAO governance model and a new governance token called ARB on March 16, 2023. “Today, the Arbitrum Foundation is extremely excited to announce the launch of DAO governance for the Arbitrum One and Arbitrum Nova networks, alongside the launch of ARB,” the team tweeted on Thursday. The ARB airdrop will be distributed to eligible Arbitrum ecosystem participants, and claiming begins on March 23.

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