{"id":125274,"date":"2025-03-18T03:17:30","date_gmt":"2025-03-18T03:17:30","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125274"},"modified":"2025-03-18T03:17:30","modified_gmt":"2025-03-18T03:17:30","slug":"arbitrum-devs-launch-incubator-style-program-onchain-labs","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125274","title":{"rendered":"Arbitrum devs launch incubator-style program \u2018Onchain Labs\u2019"},"content":{"rendered":"

Source: Cointelegraph.com NewsOffchain Labs, the developers of Ethereum layer-2 network Arbitrum, have announced a partnership with the Arbitrum Foundation to launch a new incubator-style program called Onchain Labs.
\nAccording to a March 17 post by Offchain Labs, the new incubator is aimed at rapidly adding to Arbitrum\u2019s existing decentralized application (DApp) offerings with a particular focus on supporting \u201cinnovative and experimental\u201d projects.\u00a0
\nOffchain Labs said this support will primarily come in the form of product and go-to-market advice and won\u2019t provide engineering or other operational resources.\u00a0
\nIt also added that while it\u2019s possible \u2014 there\u2019s no guarantee that its venture capital arm, Tandem, will purchase any of these project tokens in public markets.\u00a0
\nSource: Offchain LabsOffchain Labs said the continued development of Arbitrum over the past few years has seen it grow to become one of the \u201cmost performant ecosystems in the space.\u201d But now, with the launch of Onchain Labs, the focus will shift to building out the network\u2019s application landscape.
\n\u201cThrough Onchain Labs, we\u2019re dedicating resources to support developers looking to rapidly expand the application layer by ideating with them from the ground floor to bring the best user experiences to Arbitrum,\u201d the company said.\u00a0
\n\u201cWith Offchain Labs\u2019 support, we\u2019re confident we\u2019ll see industry-leading applications that are uniquely possible on Arbitrum.\u201d
\nHowever, it\u2019s not just about building more applications.
\nThe firm has also said it will only support projects that launch fairly. Offchain Labs claimed the industry\u2019s recent trend toward extractive zero-sum launches \u201cstands in stark contrast to the core ethos of crypto,\u201d adding that \u201cas an industry, we can \u2014 and must \u2014 do better.\u201d
\nIt will seek to counter this trend by only working with teams that commit to equitable launches, which it said was \u201cessential for fostering community alignment. There\u2019s no reason why all participants in an ecosystem can\u2019t succeed together.\u201d
\nThe rise of layer 2s is creating problems for Ethereum
\nArbitrum was one of the earliest layer 2s (L2s) on Ethereum, but there\u2019s been an explosion in new L2 networks since Ethereum\u2019s Dencun upgrade last year.
\nAccording to L2Beat, there are now over 70 layer 2s and many more on the way. This has created some issues for Ethereum, according to some industry professionals.\u00a0
\nThe first is the fracturing of the Ethereum ecosystem, as different DApps run on different layer 2s, which may or may not be interoperable.
\n\u201cWe currently have too many, the more L2s we build, the less interoperability we will have, creating other problems around infrastructure,\u201d Vitali Dervoed, the co-founder and CEO of perpetual exchange Composability Labs, told Cointelegraph in August.\u00a0
\nRelated: DigiFT launches Invesco private credit token on Arbitrum
\n\u201cDevelopers might have good intentions when building the next super-fast, low-gas-fee, easy-to-use blockchain, but in the long run, it\u2019s counterproductive as it creates a more fragmented ecosystem,\u201d he added.\u00a0
\nAnother issue is that lower-cost layer 2s like Base and Arbitrum are eating into Ethereum\u2019s revenue and impacting the layer 1\u2019s market cap.\u00a0
\nIt comes on the same day Standard Chartered downgraded its 2025 price target for Ethereum by a whopping 60%, from US$10,000 to just US$4,000, with the bank\u2019s head of digital asset research, Geoff Kendrick, saying, \u201cWe expect ETH to continue its structural decline.\u201d\u00a0
\nKendrick cited the impact of low-cost layer 2s like Base and Arbitrum as one of the key drivers of this decline.\u00a0
\n\u201cLayer 2 blockchains were meant to improve ETH scalability, but we estimate that Base (a key layer 2) has removed USD 50bn from ETH\u2019s market cap.\u201d
\nMagazine: ETH may bottom at $1.6K, SEC delays multiple crypto ETFs, and more: Hodler\u2019s Digest, March 9 \u2013 15Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsOffchain Labs, the developers of Ethereum layer-2 network Arbitrum, have announced a partnership with the Arbitrum Foundation to launch a new incubator-style program called Onchain Labs. According to… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125274"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125274"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125274\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125274"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}