TechFlow news: Parallel Labs has announced the launch of Parallel Network, the first Layer 2 platform built on Arbitrum Orbit.
Parallel Labs said interested users can participate in its early access program launching in January. The program will offer an exclusive preview of the new blockchain experience, allowing users to deposit ERC-20 tokens and NFTs onto the Parallel Network to earn native yield and Parallel Points.
In addition, Parallel Labs has launched the Parallel testnet, an L2 network based on Arbitrum Orbit.




