According to PANews, Arbitrum DAO recently approved an eight-week acquisition pilot plan proposed by Bernard Schmid, the founding partner of Areta. Areta is a company that provides investment banking services to crypto companies. This lays the foundation for Arbitrum DAO to learn from the strategies of large tech companies. The proposal states that in addition to in-depth strategic research on the rising value of acquisitions, the pilot phase should also serve as a data-based in-depth discussion platform, not opinion-based. If the pilot is successful, Schmid plans to propose a more ambitious proposal: to establish an acquisition department with a fund pool of $100 million to $250 million and identify and acquire potential targets within two years. The report comments that although large tech companies have long used acquisitions to drive their rapid growth, this is relatively rare in the crypto field. The report also pointed out that Arbitrum DAO has $3 billion in funds.
In a telephone conference on March 27, members of the DAO's acquisition working group emphasized that marketing companies, business development, infrastructure providers, stablecoin issuers, and zero-knowledge technology are the most attractive potential acquisition targets. Schmid also suggested buying other Layer2 blockchains 'to unify the ecosystem, expand the user base, and reduce competition and fragmentation in this field.'
However, not everyone agrees with this. Krzysztof Urbański, a representative of Arbitrum DAO's L2BEAT, wrote on the governance forum: 'We are not sure whether the DAO has enough acquisition opportunities to execute the scale outlined in the original proposal.' He was referring to the larger scale proposal expected to be implemented after a successful pilot. Despite this, L2BEAT still voted to approve the eight-week pilot.
