Arbitrum Launches ‘Onchain Labs’ Program for Early-Stage Project Support
Offchain Labs and the Arbitrum Foundation launched "Onchain Labs," a program aimed at supporting early-stage projects within the Arbitrum ecosystem.
- Program provides go-to-market support for experimental projects.
- Focus on collaborating with developers to enhance user experiences.
- Projects must commit to fair and equitable launches, avoiding practices that favor insiders.
- Aims to prevent extractive ecosystems and zero-sum games.
- Tandem, Offchain Labs' venture capital arm, may engage in purchasing project tokens in public markets.
Arbitrum is an optimistic rollup network on Ethereum, designed for faster and cheaper transactions. It is the largest layer-2 network, holding approximately $12.2 billion on its 'Arbitrum One' chain.