Offchain Labs Launches New Division 'Tandem', Has Invested $10 Million in the Division
Offchain Labs, the developer of the Arbitrum blockchain, has announced the formation of a new business unit, “Tandem,” dedicated to driving mainstream adoption of the crypto network, Bloomberg reports.Offchain Labs has invested $10 million in the unit, which will focus on projects outside of the Arbitrum ethereum ecosystem. Offchain Labs is backed by venture capitalists such as Lightspeed Venture Partners and Ribbit Capital, and will focus on driving blockchain adoption in mainstream markets such as Robinhood and blockchain gaming in partnership with Arbitrum. blockchain gaming.Offchain Labs expects the new division to be one of its main sources of revenue.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Canary Submits HBAR ETF Application
Overview of Financing Information in the Past 24 Hours (November 13)
Overview of Key Overnight Developments on November 13