One of the core improvement groups behind the Ethereum Merge, Prysmatic Labs, has been acquired by Offchain Labs, the developer of the Ethereum layer-2 community Arbitrum.
Announced in an Oct. 13 weblog put up by Offchain Labs, the deal’s monetary phrases weren’t disclosed, however it was famous Prysmatic Labs selected to hitch Offchain Labs “for many reasons,” however primarily due to the 2 firms’ alignment of their core beliefs.
Prysmatic Labs co-founder Raul Jordan mentioned the transfer will “build a unified team stronger than the sum of its parts.”
“Merging with Offchain Labs made perfect sense to us as an Ethereum team because we develop software extensively in Go, are fully incentive-aligned with the success of Ethereum, and are focused on shipping quality software for others to use,” Jordan mentioned.
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 its acquisition of Prysmatic Labs is a step towards combining specialists in these two areas.
Despite the Prysmatic Labs team formally becoming a member of Offchain Labs, their “work will continue uninterrupted,” and their work in Ethereum node shopper software program will proceed to be developed underneath Offchain’s umbrella.
They are nonetheless growing Prysm as a completely open-source and impartial consensus shopper and bringing EIP-4844 data-sharding to manufacturing.
The put up ends by teasing doable future collaborations between the 2 groups.
“There are several other joint initiatives that we plan to work on together, furthering both L1 and L2 development.”
Related: Offchain Labs launches Arbitrum One mainnet, secures $120M in funding
Prysmatic Labs is likely one of the core engineering groups behind the Merge and constructed Prysm, the main Ethereum consensus shopper that’s now powering Ethereum’s proof-of-stake consensus.
Offchain Labs is a venture-backed and Princeton-founded firm growing Arbitrum, a set of scaling applied sciences for Ethereum, with two dwell chains, Arbitrum One and Arbitrum Nova.
