The main organizations that support the Arbitrum Blockchain, Offchain Labs and the Arbitrum Foundation, have opened a new program designed to start early stage projects in the ecosystem.
The new program, “Onchain Labs,” is designed to provide go-to-market support to “experimental and volatile” projects, according to A blog post from Offchain Labs, main developer of Arbus.
“Through Onchain Labs, we have provided resources to support developers seeking to quickly expand the application layer by drawing them from the ground floor to bring the best user experiences to Arbitrum,” the blog post said. “As we do with many arbitrum teams, we will provide product support and (go-to-market) to these early stage projects, which cooperates to help their applications thrive on the arbitrum.”
The Arbitrum Foundation is a non-profit managing the arbitrum ecosystem. Offchain labs, which created the blockchain in 2021, focus on the developer’s tooling and core infrastructure.
Offchain Labs pierce its new initiative as a way to motivate greater activity and interest in the wider arbitrum ecosystem. According to a blog post from the company, the first Onchain Labs projects are about to come out of stealth. The Offchain Labs said the only projects supported by its new program are the clear “focused on fair and equal launch” – maybe they can avoid tokens launch and other mechanics that the insider likes.
The Offchain Labs states in its blog post that selection standards are intended to prevent “extractive ecosystems” and “zero-sum games.” Tandem, Offchain Labs’ Venture Capital Arm, “may or may not buy associated tokens in public markets,” the company added.
The arbitrator is a layer-2 Optimistic Rollup Network in Ethereum. Like other rollups, the chain is designed to process transactions faster and cheaper than the main Ethereum blockchain. Many new blockchains have been built on the technical framework of arbitrum, forming a network of coherent blockchains called arbitrum ‘orbit.’
Arbitrum is currently the largest Layer-2 network in Ethereum, with approximately $ 12.2 billion in the main ‘Arbitrum One’ chain, According to L2Beat.
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