Ethereum

Arbitrum

Read

Offchain Labs, a venture-backed firm with traction across the crypto space, aims to boost further development and adoption of blockchain via a new platform dubbed Tandem. 
The Offchain Labs developer team’s ecosystem footprint includes core contributions to the development of Prysm, a consensus client for Arbitrum (<a href="https://crypto.news/price/arbitrum/">ARB</a>) and Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>). Tandem is the team’s latest project aimed at bolstering blockchain innovation. 
In September 2023, Offchain Labs teamed up with Espresso Systems, the platform behind the Espresso Sequencer, to help Ethereum rollups and developers achieve interoperability. 
 Read more: <a href="https://crypto.news/offchain-labs-team-behind-arbitrum-locks-over-3-7b-of-arb-for-4-years/"> Offchain Labs, team behind Arbitrum, locks over $3.7b of ARB for 4 years </a> 
<h2 class="wp-block-heading" id="what-does-tandem-bring-to-the-market">What does Tandem bring to the market?</h2> 
With this new project, the team offers Tandem as a partner studio that will provide select projects with access to Offchain Labs’ resources and market presence to build and launch on-chain applications. 
Tandem’s dedicated service will utilize Arbitrum Nitro’s execution layer, tapping into features such as data availability and Rollup-as-a-service (RaaS) for customizable scalability. RaaS helps projects scale their infrastructure to enhance network operations and settlement. 
In a comment on Tandem’s mission, Offchain Labs co-founder and chief executive officer Steven Goldfeder <a href="https://www.prnewswire.com/news-releases/offchain-labs-and-espresso-systems-partner-to-bring-transaction-ordering-technology-to-ethereum-rollups-301923511.html" target="_blank" rel="">said</a>: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “By providing resources and mentorship, we aim to empower developers and entrepreneurs to bring their visionary ideas to life, driving the next wave of decentralized applications and transformative technologies. We are excited to see the groundbreaking projects that will emerge from this initiative.” 
</blockquote> 
Projects that benefit from Tandem will have a dedicated stakeholder who will act as the “point person,” collaborating with the project from building to deployment. Additionally, projects will benefit from partnerships facilitated by Tandem. 
 You might also like: <a href="https://crypto.news/coinbase-proposes-new-blockchain-adoption-metric-to-combat-airdrop-related-distortions/"> Coinbase proposes new blockchain adoption metric to combat airdrop-related distortions </a>

Offchain Labs unveils new platform to boost crypto adoption

Table of Contents

crypto.news

Other articles published on Aug 14, 2024

DBS pilots blockchain-based treasury tokens with Ant International

Biden Discusses Inflation Concerns

Important Binance Update Affecting This Popular Meme Coin: Details

Crypto Trading Platform ezBtc Allegedly Diverted $9.5M Customer Funds to Gambling Sites

Developers Integrate Shibarium with Visa and Mastercard for BONE Purchases

Best New Cryptocurrency For Quick 20x Returns in August 2024

Join our free newsletter for daily crypto updates!