The Offchain Labs, Developers of the Ethereum Layer-2 Network Arbitrum, announced a cooperation with the Arbitrum Foundation to launch a new incubator style program called Onchain Labs.
According to a March 17 Post Through the offchain labs, the new incubator aims to quickly add to Arbitrum’s Existing decentralized application offerings (DAPP) with a particular focus on supporting “innovative and experimental” Projects.
Offchain Labs said this support will come primarily in the form of product and go-to-market advice and will not provide engineering or other operational sources.
It also added that it is possible – there is no guarantee that the arm of the venture capital, tandem, will buy any of these project tokens in public markets.
Source: Offchain Labs
The Offchain Labs said the continued development of arbitrum over the last few years has seen it grow to become one of the “mostperformant ecosystems in space.” But now, with the launch of Onchain Labs, the focus will change the development of the network network application.
“Through Onchain Labs, we have provided resources to support developers seeking to quickly expand the application layer by dating them from the ground floor to bring the best user experiences to Arbitrum,” the company said.
“With the support of Offchain Labs, we are confident that we will see applications leading the industry that is uniquely possible in the arbitrum.”
However, this is not just about developing many applications.
The firm also said it would only support fair projects to launch. Offchain Labs claimed the recent industry trend towards the extractive zero-sum launching “standing in contrast to the basic crypto ethos,” adding that “as an industry, we can-and should do better.”
It will seek to counter this trend simply by cooperating with teams that promise equal launch, which it says is “important for strengthening community alignment. There is no reason why all participants in an ecosystem cannot succeed.”
Layer 2s increases creates problems for Ethereum
Arbitrum is one of the first Layer 2S (L2S) in Ethereum, but there has been an explosion on new L2 networks since Dencun’s Ethereum Dencun upgraded last year.
According to In L2Beat, there are now more than 70 layer 2s and more on the way. It created several issues for Ethereum, according to some industry professionals.
The first is the fracture of the Ethereum ecosystem, as different DAPPs run in different 2S layers, which may or may not be interoperable.
“We are currently a lot, the more L2 we build, the less interoperability we have, creating other problems around infrastructure,” Vitali Dervoed, co-founder and CEO of the Perpetual Exchange Composability Labs, co-founder and CEO said Cointelegraph in August.
Related: Digift launched Invesco private credit token to arbitrum
“Developers can have great intentions when building the next very fast, low-gas-fee, easy to use blockchain, but in the long run, it is counterproductive as it creates a more fragment ecosystem,” he added.
Another issue is that the lower cost layer 2s such as the base and arbitrum feeds on Ethereum income and affects the Layer 1 market cap market.
It comes to the same day -standing -Charter Lowered the target price of 2025 For Ethereum by a whopping 60%, from US $ 10,000 to just US $ 4,000, along with the bank of bank’s digital asset Geoff Kendrick, saying, “We hope that ETH will continue its collapse structure.”
Kendrick cited the impact of cheap 2s layers such as Base and Arbitrum as one of the main drivers of this decline.
“Layer 2 blockchains are intended to improve ETH scalability, but we estimate that the base (a main layer 2) has removed USD 50BN from the ETH market cap.”
Magazine: ETH Mayo is under $ 1.6k, SEC has delayed many Crypto ETFs, and more: Hodler’s Digest, March 9 – 15
