Odaily Planet Daily reported that the Ethereum L2 network Arbitrum's development team Offchain Labs has appointed Ira Auerbach as the head of its venture studio and investment department Tandem. Auerbach previously served as the head of digital assets at Nasdaq and held leadership roles at the cryptocurrency exchange Gemini, including global head of its primary business. Ira Auerbach will lead Tandem in supporting selected blockchain projects. Tandem was established last August with the aim of addressing the 'most challenging technical issues' that hinder the widespread adoption of cryptocurrency. Tandem is currently collaborating with its venture studio on two projects: Espresso Systems, which is developing decentralized sequencing infrastructure, and Ex Populus, which is developing a gaming-centric XAI blockchain.