THELOGICALINDIAN - On August 31 2024 Offchain Labs appear the official barrage of Arbitrum One mainnet and added abundant that the aggregation has aloft 120 actor in allotment The Series B costs led by Lightspeed Venture Partners gives the close a 12 billion valuation
Arbitrum One Mainnet Is Now Live, Offchain Labs Raises $120 Million in Funding
The awful advancing Arbitrum One mainnet launch has been appear by the close Offchain Labs and the startup additionally abundant the aggregation has aloft $120 actor in financing. Bitcoin.com News has written about the Arbitrum One Layer-2 ascent band-aid on a few occasions as the agreement leverages Optimistic rollups to advice Ethereum scale. A cardinal of accepted decentralized accounts (defi) projects are leveraging Arbitrum’s aperture in adjustment to accord users bigger fee ante and faster actions.
Arbitrum’s technology is leveraged by defi projects like Aave, Balancer, Band Protocol, Coinbase Wallet, Chainlink, Curve, DAI stablecoins, Etherscan, Dodo, Metamask, Shapeshift, Sushiswap, Uniswap, and abounding more. In accession to the launch, Offchain Labs appear the startup aloft $120 actor in allotment led by Lightspeed Venture Partners. Other Offchain Labs investors included the Shark Tank television host and billionaire Mark Cuban, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, and Alameda Research.
Over 400 Projects Leverage Arbitrum’s Technology, Synfutures Implements Arbitrum
Bitcoin.com News additionally reported on how the accepted online appointment website Reddit is application Arbitrum’s technology with its Ethereum-based association credibility system. “[Offchain Labs’] adherence to the Ethereum developer association is additional to none and they accept the best, easiest-to-use scalability product. That’s why over 400 projects accept called to barrage with Arbitrum, including Reddit,” Amy Wu, a accomplice at Lightspeed said in a statement.
Moreover, a few added projects added Arbitrum One abutment to band up with the mainnet launch. Decentralized derivatives barter Synfutures appear on Wednesday that the activity was “now deployed on Arbitrum One.” “As we abutment the array of investors entering the decentralized derivatives space, we appetite to be area they are. In a abbreviate time, Arbitrum has accustomed itself as one of the best able chains in the space, so the affiliation was a accustomed fit for us,” Rachel Lin, the architect and CEO at Synfutures detailed.
What do you anticipate about the Arbitrum One mainnet barrage and Offchain Labs adopting $120 million? Let us apperceive what you anticipate about this accountable in the comments area below.
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