Arbitrum, the largest layer-2 network on Ethereum, has awarded its largest developer grant to Lotte Group, a prominent South Korean conglomerate. This grant will support the integration of Lotte's Caliverse, an AI-driven metaverse gaming platform, with blockchain technology. Announced at CES 2025 in Las Vegas, the exact size of the grant was not disclosed. Lotte's project marks a significant intersection between traditional enterprises and blockchain, potentially rejuvenating interest in the metaverse space. Caliverse allows users to explore virtual worlds and engage with brands like Givenchy and MCM, facilitating payments with cryptocurrency. As Arbitrum's blockchain supports gaming with near-instant transaction processing, the integration is expected to enhance the user experience in Caliverse, aligning with Arbitrum's growth in the gaming sector, which experienced a 72% increase in 2024. This collaboration aims to deliver seamless in-game transactions and set new standards for virtual interactions.

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