Blockchain Developer Offchain’s Unit to Focus on Adoption (1)

Offchain Labs, the software developer behind the Arbitrum blockchain, is launching a new unit that will focus on fostering mainstream adoption of crypto networks.

Arbitrum is a so-called layer 2 blockchain that is used to facilitate faster and lower cost transactions on Ethereum, the most commercially successful crypto network. The total value of cryptocurrencies on Arbitrum stands at around $15 billion, or 41% of the total layer 2 market, according to tracker L2BEAT, making it the largest in the sector.

From Airdrops to Yield Farming: The Definitive Crypto Glossary

Offchain Labs has committed more than $10 million to Tandem, which …