The Beacon LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/the-beacon-ltipp-application-draft/21966

Council - 3/3 Yes Votes

Feedback

404 Feedback) Given the virality of Beacon’s demo back in 2022, we are confident that incentivizing the launch of their “New Frontier Quest” launch will bring value to Arbitrum. There are multiple ways to incentive user activity - completing in-game quests, referrals, daily logins, etc - which we believe will likely bring in new users. While the overall execution strategy is lacking important details for an ask of this size, the other aspects of the application have led us to support this grant. Additionally, we’re under the impression that Beacon does not need a security audit for their NFTs and have therefore not graded them on this aspect.

Wintermute Feedback) The Beacon’s application scored decently across a range of criteria. They have seen strong success during their demo phase which clearly shows their ability to attract users to Arbitrum and stimulate network activity. The product/industry is appealing to a wide variety of users inside and outside of Arbitrum and if successful creates a competitive advantage for Arbitrum.

The main concerns we had with this proposal were its lack of ARB distribution details and justification for grant size. They had a general idea of how they intend to distribute rewards but there was no granular breakdown on how much ARB will be allocated to each sub-sections. There is also very little discussion about sybil protections and the protocol has no audit history.

Overall, given the positive points mentioned above, we think the application should be progressed to a DAO vote, however, we urge the DAO to take into consideration the areas of concern highlighted.

GMX Feedback) The Beacon’s application demonstrates a well-rounded approach, showcasing success and achieving product-market fit in attracting users to Arbitrum. While we seek more details regarding ARB distribution and note the protocol's lack of completed security audits, we are confident in The Beacon's ability to execute effectively, given their strong track record. The protocol's compatibility with other games like Bridgeworld and Kuroro Beast is notable. Their strategy aims to elevate Arbitrum as a gaming chain, potentially leading to significant impact through a global launch. We endorse The Beacon's application.