Offchain Labs, creators of Arbitrum, launched Onchain Labs to expand the application layer in the Ethereum Layer 2 ecosystem. The initiative aims to support developers and foster decentralized application development.
What Is Onchain Labs?
Onchain Labs is a developer-first initiative aimed at fostering innovation on Arbitrum One and Arbitrum Nova. Unlike traditional incubation programs, Onchain Labs offers technical collaboration, GTM support, and strategic guidance but is not an investment firm.
Why Onchain Labs Matters for Arbitrum
Since launching Arbitrum One, Offchain Labs has introduced several innovations. They are now focusing on expanding the dApp ecosystem, which is crucial with the numerous competing Layer 2 networks.
Navigating Ethereum’s Fragmentation Problem
As the number of Layer 2 solutions grows, so does the issue of fragmentation in the Ethereum ecosystem. Onchain Labs aims to address this by consolidating activity on a single high-performance Layer 2 platform.
Onchain Labs aims to create conditions for the successful development of decentralized applications by supporting community-driven projects with fair distribution.
