Offchain Labs has successfully launched the public mainnet of the widely anticipated Ethereum layer two platform, Arbitrum One. According to Amy Wu, “over 400 projects have chosen to launch with Arbitrum, including Reddit.”
Leading DeFi protocols such as Aave, Chainlink and MakerDAO, as well as other Ethereum projects, are already building on Arbitrum One.
Yesterday, on August 31, Offchain Labs also announced that it had secured $120 million in a Series B funding round led by Lightspeed Venture Partners, Polychain Capital, Alameda Research, Mark Cuban and others.
Amy Wu, a partner at Lightspeed stated that “[Offchain Labs’] dedication to the Ethereum developer community is second to none and they have the best, easiest-to-use scalability product. That’s why over 400 projects have chosen to launch with Arbitrum, including Reddit.”
Source: https://www.cryptocompare.com/email-updates/daily/2021/sep/01/
