Arbitrum Nova, a new blockchain chain developed by Offchain Labs for social applications and gaming, has integrated with Covalent. A Web3 data provider, to accelerate the development of Web3 social applications and the GameFi ecosystem.
This move comes amidst the rapid growth of the Web3 market. According to the expectations, it expand at a compound annual growth rate of 47.1% from 2023 to 2030, with a demand for Web 3.0 blockchain projected to reach $116.51 billion by the end of 2023.
Arbitrum Nova aims to offer a supported environment where developers can create exceptional gaming and social dApps. Moreover, this partnership with Covalent is expected to help scale the entire Web3 development and boost mass adoption.
