According to BlockBeats, on August 14, Bloomberg reported that Offchain Labs, the developer of the Arbitrum blockchain, announced the establishment of a new business unit "Tandem". Offchain Labs has invested $10 million in this department, which mainly focuses on Ethereum ecosystem projects other than Arbitrum.
Offchain Labs is backed by venture investors such as Lightspeed Venture Partners and Ribbit Capital. Tandem will focus on promoting the use of blockchain in mainstream markets, such as Robinhood and blockchain games in partnership with Arbitrum. Offchain Labs expects the new division to become one of its main sources of revenue.
