Offchain Labs launches new business unit "Tandem" and has invested $10 million in the unit
2024-08-14 13:28:37
Arbitra block distributor offchain labs announced formation new business unitdesk3cryptocurrencydesktopCrypto News
Offchain Labs, the developer of the Arbitrum blockchain, has announced the formation of a new business unit, "Tandem", dedicated to driving mainstream adoption of crypto networks. Offchain Labs has invested $10 million in the division, with a focus on Ethereum ecosystem projects outside of Arbitrum. Offchain Labs is backed by venture investors such as Lightspeed Venture Partners and Ribbit Capital. Tandem will focus on driving the adoption of blockchain in mainstream markets such as Robinhood and blockchain games in partnership with Arbitrum. Offchain Labs expects the new division to be one of its main sources of revenue.
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