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Creators of Arbitrum Acquired Prysmatic Labs

Company

GETBLOCK

October 15, 2022

2 min read

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It looks like Arbitrum’s Offchain Labs completed the most impressive M&A deal in crypto in 2022.

Arbitrum Offchain Labs acquires Prysm creators

According to the official announcement shared by Offchain Labs, a developer of mainstream Ethereum L2 Arbitrum, it acquired veteran Ethereum (ETH) development studio Prysmatic Labs.

Prysmatic Labs Ethereum (ETH) devs are well-known due to their key product, Prysm client. Written in Go, this implementation of Ethereum (ETH) software is a dominant one for the second largest blockchain.

Also, Prysmatic Labs engineers are known as the core designers of Ethereum Proof-of-Stake (PoS) consensus and the upcoming sharding improvement.

Arbitrum crypto team unlocks new opportunities

As an owner of Prysmatic Labs, Arbitrum now has a say in the core development workflow of Ethereum (ETH). So far, it is highly likely the only M&A deal that guaranteed its beneficiary a place in the All Core Devs community.

Offchain Labs representatives compared this acquisition to The Merge activation in mainnet as it builds a novel bridge between L1 and L2 infrastructures on Ethereum (ETH). As per the statement of Arbitrum creators, Prysmatic Labs will continue working on Prysm implementation as well.

GetBlock’s Arbitrum nodes: New stage of Ethereum (ETH) scaling

In early 2022, GetBlock became the first-ever top-tier nodes API provider to integrate Arbitrum nodes. We connect our clients to shared and dedicated nodes of the largest Ethereum’s L2 through JSON-RPC and WebSockets (WS) methods.

With Arbitrum, any EVM-compatible dApp can scale in a fast and resource-efficient manner. GetBlock is ready to supercharge all DeFis, NFT marketplaces, wallets and exchanges with ready-made Arbirum APIs.

Company

GETBLOCK

October 15, 2022

2 min read

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