TechFlow reported on August 14, according to Bloomberg, that Arbitrum blockchain developer Offchain Labs has announced the launch of a new business unit called "Tandem," into which it has already invested $10 million, aiming to drive mainstream adoption of crypto networks. Tandem will focus on Ethereum ecosystem projects beyond Arbitrum, promoting blockchain applications in mainstream markets, such as Robinhood's collaboration with Arbitrum and blockchain gaming. Offchain Labs has received support from venture capital firms including Lightspeed Venture Partners and Ribbit Capital, and expects the new division to become one of its primary revenue sources.
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