The main organizations supporting Arbitrum Blockchain, Offchain Labs and the Arbitrum Foundation have announced new programs designed to launch early-stage projects in the ecosystem.
According to a blog post from Offchain Labs, the main developer of Arbitrum, the new program, “Onchain Labs,” is designed to provide “experimental and unstable” projects with a launching support.
“Through Onchain Labs, we are dedicated resources to supporting developers who want to quickly scale their application layers by drawing ideas from the ground floor to bring the best user experience to Arbitrum,” the blog post said. “Like many Kinkai teams, we will provide products and (to-market) support for these early stage projects and work closely together to help our applications thrive at arbitrum.”
The Arbitrum Foundation is a non-profit organization that manages Arbitrum ecosystem governance. The off-chain lab, which created blockchain in 2021, focuses on developer tools and core network infrastructure.
Offchain Labs is pitching new initiatives as a way to promote greater activity and interest in the broader arbitrum ecosystem. According to a company’s blog post, the first Onchain Labs project will soon emerge from Stealth. Offchain Labs said the only project supported by its new program is that it is a project that “commits to a fair and fair launch.”
In a blog post, Off-Chain Lab said the selection criteria were to avoid “extract ecosystem” and “zero-sum games.” The tandem, off-chain lab venture capital arm “may be purchased or not be able to purchase related tokens in the open market,” the company added.
Arbitrum is Ethereum’s Layer-2 optimistic rollup network. Like other rollups, this chain is designed to process transactions faster and cheaper than the main Ethereum blockchain. Several new blockchains have been built on top of Arbitrum’s technical framework, forming a network of interconnected blockchains called Arbitrum “Orbit.”
Arbitrum is currently the largest layer 2 network in Ethereum, with around $12.2 billion in the leading “Arbitrum One” chain, according to L2Beat.
