Among the core development teams behind the Ethereum Merge, Prysmatic Labs, continues to be acquired by Offchain Labs, the developer from the Ethereum layer-2 network Arbitrum.
Announced within an March. 13 blog publish by Offchain Labs, the deal’s financial terms weren’t disclosed, however it was noted Prysmatic Labs made a decision to join Offchain Labs “for a lot of reasons,” but mainly due to the two companies’ alignment within their core beliefs.
Prysmatic Labs co-founder Raul Jordan stated the move will “build a unified team more powerful than the sum of the its parts.”
“Merging with Offchain Labs made sense to all of us being an Ethereum team because we develop software extensively in Go, are fully incentive-aligned with the prosperity of Ethereum, and therefore are centered on shipping quality software for other people to make use of,” Jordan stated.
Offchain Labs claims the way forward for Ethereum depends on layer 1 for consensus and knowledge availability and layer 2 for execution and scalability, and it is purchase of Prysmatic Labs is really a step toward mixing experts during these two areas.
Regardless of the Prysmatic Labs team formally joining Offchain Labs, their “work continues uninterrupted,” as well as their operate in Ethereum node client software will still be developed under Offchain’s umbrella.
They’re still developing Prysm like a fully open-source and neutral consensus client and getting EIP-4844 data-sharding to production.
The publish ends by teasing possible future collaborations backward and forward teams.
“There are some other joint initiatives that people intend to focus on together, furthering both L1 and L2 development.”
Related: Offchain Labs launches Arbitrum One mainnet, safeguards $120M in funding
Prysmatic Labs is among the core engineering teams behind the Merge and built Prysm, the key Ethereum consensus client that’s now powering Ethereum’s proof-of-stake consensus.
Offchain Labs is really a venture-backed and Princeton-founded company developing Arbitrum, a collection of scaling technologies for Ethereum, with two live chains, Arbitrum One and Arbitrum Nova.
