The Arbitrum Foundation grants the largest developer subsidy in history to South Korean giant Lotte

ChainCatcher news, according to CoinDesk, Arbitrum's developer Offchain Labs announced at the CES 2025 conference that the Arbitrum Foundation has granted the largest developer subsidy in history to South Korea's Lotte Group. Lotte Group is a multi-billion dollar South Korean conglomerate known for its shopping malls, media companies, and entertainment asset portfolio. A representative from the company declined to disclose the specific amount of the grant "at this stage." According to Offchain Labs, this subsidy solidifies Arbitrum's position as the primary blockchain infrastructure provider for Lotte's metaverse gaming platform, Caliverse.