1/ Arbitrum is stirring the pot with a proposal to launch an Audit Committee, aiming to boost projects on its network with a $10 million budget for audits. @arbitrumdao_gov 🧵 1/6

We uncover what is happening across web3 👀

2/ The plan? Support around 100 projects over a year, with a focus on scalability and security.

3/ But the community has mixed feelings: while some like Tekr0x.eth and Gabriel see the potential for enhanced safety, others worry about fair pricing and the committee's capacity to vet projects effectively.

4/ Arbitrum is addressing these concerns, considering sealed bids for fair pricing and a mix of USD and ARB tokens for payments.

5/ Will this initiative propel Arbitrum to new heights, or are there hurdles ahead? Stay tuned.

👉 Learn more at https://app.x23.ai/arbitrum/discussions/topic/28368/arbitrum-audit-program