Arbitrum Launches New Chain Arbitrum Nova. What It Means For Arbitrum Nodes?

Company

GETBLOCK

July 14, 2022

3 min read

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Earlier this week, Ethereum-based layer two solution Arbitrum deployed Arbitrum Nova, designed for social applications and GameFi development. At the time of writing, the Arbitrum Total Value Locked is reaching over $1.88 billion, according to L2BEAT, which makes Arbitrum the largest Ethereum-based second-layer network in terms of TVL at the moment.

What is Arbitrum Nova?

Not unlike Arbitrum One, launched by New York-based development firm Offchain Labs, Arbitrum Nova is intended to help creators tackle scalability, privacy, and speed-related issues. However, the new chain is tailored for building social applications and gaming, whereas the initial Arbitrum chain still focuses on DeFi and NFT projects.

Company

GETBLOCK

July 14, 2022

3 min read

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