Offchain Labs, the developer of Arbitrum One, the industry-leading Layer 2 scaling solution for decentralized applications (dApps), announced in a blog post that it has acquired one of the top software teams behind Ethereum proof-of-stake, Prysmatic Labs. Arbitrum announced the acquisition in a Twitter post. We’re extremely happy to announce that we (@OffchainLabs) are acquiring @prylabs, the team behind Ethereum's leading consensus client! Let’s dive into details!🧵👇https://t.co/qIp5JqvZRi — Arbitrum (@arbitrum) October 12, 2022 According to the blog post, Offchain Labs would not disclose the financial parameters of the acquisition. The blog also highlighted that Prysmatic Labs opted to join Offchain The post Offchain Labs Acquires Ethereum Development Team Prysmatic Labs appeared first on Cryptoknowmics-Crypto News and Media Platform.
