One of many core improvement groups 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. 13 weblog put up by Offchain Labs, the deal’s monetary phrases weren’t disclosed, however it was famous Prysmatic Labs selected to affix Offchain Labs “for a lot of causes,” however primarily due to the 2 corporations’ alignment of their core beliefs.
Prysmatic Labs co-founder Raul Jordan stated the transfer will “construct a unified group stronger than the sum of its elements.”
“Merging with Offchain Labs made good sense to us as an Ethereum group as a result of we develop software program extensively in Go, are totally incentive-aligned with the success of Ethereum, and are centered on delivery high quality software program for others to make use of,” Jordan stated.
Offchain Labs claims the way forward for Ethereum depends on layer 1 for consensus and information availability and layer 2 for execution and scalability, and its acquisition of Prysmatic Labs is a step towards combining specialists in these two areas.
Regardless of the Prysmatic Labs group formally becoming a member of Offchain Labs, their “work will proceed uninterrupted,” and their work in Ethereum node consumer software program will proceed to be developed underneath Offchain’s umbrella.
They’re nonetheless growing Prysm as a totally open-source and impartial consensus consumer and bringing EIP-4844 data-sharding to manufacturing.
The put up ends by teasing potential future collaborations between the 2 groups.
“There are a number of different joint initiatives that we plan to work on collectively, furthering each L1 and L2 improvement.”
Associated: Offchain Labs launches Arbitrum One mainnet, secures $120M in funding
Prysmatic Labs is among the core engineering groups behind the Merge and constructed Prysm, the main Ethereum consensus consumer that’s now powering Ethereum’s proof-of-stake consensus.
Offchain Labs is a venture-backed and Princeton-founded company developing Arbitrum, a set of scaling applied sciences for Ethereum, with two reside chains, Arbitrum One and Arbitrum Nova.