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.