Offchain Labs, the team behind Arbitrum (ARB), has appointed Ira Auerbach, the former head of digital assets at Nasdaq, to lead its new Tandem unit, a venture capital and partner studio. Auerbach's appointment indicates Offchain Labs' commitment to expanding the Arbitrum ecosystem and fostering innovation in the decentralized finance (DeFi) space. With his extensive experience in digital assets and venture capital, Auerbach is well-positioned to guide Tandem's strategic investments and partnerships. The establishment of Tandem reflects Offchain Labs' vision to cultivate a vibrant and robust ecosystem around Arbitrum. By providing support to early-stage projects and fostering collaboration, Tandem aims to accelerate the growth and adoption of DeFi applications on Arbitrum. Offchain Labs' decision to hire Auerbach underscores its commitment to driving innovation and expanding the reach of Arbitrum within the broader crypto ecosystem.