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Offchain Labs unveils new platform to boost crypto adoption

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Offchain Labs, a venture-backed agency with traction throughout the crypto house, goals to spice up additional growth and adoption of blockchain by way of a brand new platform dubbed Tandem.

The Offchain Labs developer staff’s ecosystem footprint contains core contributions to the event of Prysm, a consensus consumer for Arbitrum (ARB) and Ethereum (ETH). Tandem is the staff’s newest mission geared toward bolstering blockchain innovation.

In September 2023, Offchain Labs teamed up with Espresso Methods, the platform behind the Espresso Sequencer, to assist Ethereum rollups and builders obtain interoperability.

Learn extra: Offchain Labs, staff behind Arbitrum, locks over $3.7b of ARB for 4 years

What does Tandem carry to the market?

With this new mission, the staff provides Tandem as a associate studio that may present choose initiatives with entry to Offchain Labs’ sources and market presence to construct and launch on-chain purposes.

Tandem’s devoted service will make the most of Arbitrum Nitro’s execution layer, tapping into options corresponding to information availability and Rollup-as-a-service (RaaS) for customizable scalability. RaaS helps initiatives scale their infrastructure to boost community operations and settlement.

In a touch upon Tandem’s mission, Offchain Labs co-founder and chief govt officer Steven Goldfeder mentioned:

“By offering sources and mentorship, we purpose to empower builders and entrepreneurs to carry their visionary concepts to life, driving the following wave of decentralized purposes and transformative applied sciences. We’re excited to see the groundbreaking initiatives that may emerge from this initiative.”

Tasks that profit from Tandem may have a devoted stakeholder who will act because the “level particular person,” collaborating with the mission from constructing to deployment. Moreover, initiatives will profit from partnerships facilitated by Tandem.

You may additionally like: Coinbase proposes new blockchain adoption metric to fight airdrop-related distortions

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