Arbitrum Foundation and renowned NFT brand Azuki are teaming up to create a web3 network tailored specifically for anime enthusiasts. This collaborative effort, known as AnimeChain, aims to offer a comprehensive array of anime-related content sourced from both original and third-party providers, spanning games, merchandise, and NFTs.

Zagabond, CEO of Azuki, highlighted on social media the significance of AnimeChain in revolutionizing the creation and consumption of anime products. He noted that existing anime-focused projects on web3 have been fragmented, leading to a disjointed experience for fans. With AnimeChain leveraging Arbitrum's enhanced scalability, Zagabond expressed optimism for a seamless and immersive anime experience in the web3 realm.

Earlier in March, the Arbitrum Foundation unveiled plans to allocate 200 million ARB tokens, valued at $344 million, to support gaming ventures on its blockchain over the next two years. Additionally, in February, Arbitrum announced funding for a feature film by Shane Boris, an Oscar-winning producer.

DefiLlama reported that Arbitrum's Total Value Locked (TVL) surpassed $3 billion this year. Despite reaching its all-time high in January, the ARB token has experienced a decline of nearly 30% attributed to broader market liquidation events.