Offchain Labs Invests $10M in New Division to Drive Mass Crypto Adoption
CryptoNewsTerminal Staff14 Aug, 2024
Offchain Labs Invests $10M in New Division to Drive Mass Crypto Adoption
Offchain Labs, the company behind Ethereum layer 2 scaling solution Arbitrum, has announced the launch of a new business division called "Tandem." The division will receive an investment of $10 million and will focus on developing projects that drive mass adoption of cryptocurrencies. "Tandem will focus on projects outside of Arbitrum, but still within the Ethereum ecosystem," said Offchain Labs CEO Steven Goldfeder. "Our goal is to make blockchain technology more accessible and user-friendly for everyone." Tandem's first project will be a blockchain game that is designed to be easy to play and understand. The game will be released later this year. Offchain Labs believes that Tandem has the potential to significantly increase the adoption of cryptocurrencies. "We're excited to see what Tandem can accomplish," said Goldfeder. "We believe that this division has the potential to make a real difference in the world."
