Arbitrum DAO approves eight-week M&A pilot program

Arbitrum DAO has approved a pilot merger and acquisition plan proposed by Areta's founding partner Bernard Schmid for a period of eight weeks. Areta is a company that provides investment banking services for cryptocurrency companies. This lays the foundation for Arbitrum DAO to learn from the strategies of large technology companies. The proposal states: "In addition to conducting in-depth strategic research on the potential increase in merger and acquisition value, the pilot phase should also serve as a data-based platform for in-depth discussions, rather than opinion-based." If the pilot is successful, Schmid plans to propose a more ambitious plan: to establish a merger and acquisition department with a fund pool of $100 million to $250 million and identify and acquire potential targets within two years. The report commented that although large technology companies have long used mergers and acquisitions to drive their rapid growth, this is relatively rare in the cryptocurrency field. The report also pointed out that Arbitrum DAO has a fund of $3 billion.