Arbitrum Launches Stylus on Sepolia Testnet with $15,000 Incentive on June 17, 2024

On June 17, 2024, Arbitrum launched Stylus on its Sepolia testnet, marking a significant step in the development of MultiVM (Multiple Virtual Machine) technology. The initiative, dubbed the 'Stylus Blitz,' includes a $15,000 USD incentive for projects that effectively utilize the new infrastructure. This launch is part of a broader effort to foster a MultiVM future, supported by entities like Dora, which aims to leverage Stylus for Nitro and Orbit chains. The main Arbitrum testnet is now also Stylus enabled, further indicating the progress towards a multichain and MultiVM ecosystem.