A collaboration between Horizen Labs, Offchain Labs, and the Arbitrum Foundation aims to bolster the apecoin (APE) ecosystem through the development of a dedicated blockchain, Apechain. Envisioned to leverage Arbitrum technology and governed by Apecoin DAO, the teams believe this initiative represents a significant step toward expanding the utility and reach of apecoin. Horizen Labs…
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Offchain Labs co-founder Ed Felten said there were one or two fraud challenges submitted on a version of Arbitrum running on the Ethereum proof-of-work fork after the Merge, which was defeated. Not a single fraud proof has been submitted on Arbitrum since it first launched its mainnet with the built-in security feature in August 2021,…
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A week ago, the Ethereum layer two scaling solution Arbitrum announced the launch of its native token called ARB, and since then IOU markets have launched giving some indication of how much the token may be worth. ARB claiming begins March 23 and when people get their coins on exchanges, the token’s value may turn…
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The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and coins will be airdropped to the Arbitrum DAO treasury, Offchain Labs (the company behind Arbitrum), Offchain Labs investors,…
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Through the deal, Offchain Labs hopes to build a sustainable future for Ethereum, through greater communication between teams developing on both layers and direct collaborations. One of the core development teams behind the Ethereum Merge, Prysmatic Labs, has been acquired by Offchain Labs, the developer of the Ethereum layer-2 network Arbitrum. Announced in an Oct.…
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The ethical exploiter thanked Arbitrium for the 400 ETH payday, but said such a find should be eligible for the max bounty of nearly 1,500 ETH, or $2 million. A self-described white hat hacker has uncovered a “multi-million dollar vulnerability” in the bridge linking Ethereum and Arbitrum Nitro and received a 400 Ether (ETH) bounty…
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The Nitro upgrade will further improve the transaction fee crisis that has plagued the growth of the Ethereum network over the last two years. Ethereum layer-2 scaling solution Arbitrum is set to undergo one of its most significant upgrades on Wednesday, set to increase transaction throughput, slash transaction fees and simplify cross-chain communication between Arbitrum…
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FTX has announced that FTX Pay’s infrastructure has integrated with the social media and news aggregation forum Reddit’s Community Points system. The integration has been rolled out in the U.S., EU, Australia, and other countries worldwide. FTX Pay will also join Infura, P2P, Google Cloud, and other companies and projects in order to create a…
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On August 31, 2021, Offchain Labs announced the official launch of Arbitrum One mainnet and further detailed that the company has raised $120 million in funding. The Series B financing led by Lightspeed Venture Partners gives the firm a $1.2 billion valuation. Arbitrum One Mainnet Is Now Live, Offchain Labs Raises $120 Million in Funding…
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More than 400 teams are already building on Arbitrum One. Offchain Labs, the team behind the highly anticipated Ethereum layer two platform, Arbitrum One, has completed the public mainnet launch of its optimistic rollups solution. Announced on Aug. 31, Offchain Labs also revealed that it has secured $120 million in a Series B fundraising round.…
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