Offchain Labs
From CryptoWiki
Basics
- Ed Felten, former Obama deputy chief technology officer and founder of Offchain Labs, just raised $3.7M in a funding round led by Pantera Capital; Offchain's premiere product, Arbitrum, is an Ethereum based permissioned blockchain for businesses; planned for a two part release in later this year, Arbitrum is working toward interoperability with other major chains
- Bought Prysmatic Labs (10-2022)
Team, investors, etc.
- Ed Felten; Co-Founder & Chief Scientist
- Had investment from bankrupt Alameda Research/FTX, which came out (11-11-2022) during the FTX crash. This could mean fall-out risk.
