Ethereumscaling platform Arbitrum‘s parent company Offchain Labs, Ethereum software company Prysmatic Labsbought the .
Offchain Labs has completed the acquisition to further develop its Ethereum scaling efforts. Software company Prysmatic Labs, Ethereum network activities 43 percent He managed to solve more than used to run the Ethereum network on PoS Prysm developed the software. The Ethereum network still uses this software.
Offchain Labs Develops Arbitrum for Ethereum Scaling
The acquisition of the Arbitrum parent company was made to accelerate efforts to scale the Ethereum network. The software company and Offchain Labs will work purely on the development of the ecosystem.
The parent company continues to work on Ethereum scaling platforms Arbitrum and Arbitrum Nova. Prysmatic Labs will continue to operate and focus Prysm software within Offchain Labs.
CEO of Offchain Labs Steven Goldfedersaid the following on the subject:
“Prysmatic Labs has an incredibly talented team of engineers and their dedication to the Ethereum community is evident. They have created best-in-class products that are widely used in the Ethereum ecosystem.”
Prysmatic Labs co-founder Raul Jordan, considered this sale a logical move.
