Offchain Labs unveils new platform to boost crypto adoption

Offchain Labs, a venture capital-backed firm strong in the crypto space, aims to further drive the development and adoption of blockchain through a new platform called Tandem.

The ecosystem footprint of the Offchain Labs developer team includes core contributions to the development of Prysm, a consensus client for Arbitrum (ARB) and Ethereum (ETH). Tandem is the team’s latest project aimed at supporting blockchain innovation.

In September 2023, Offchain Labs partnered with Espresso Systems, the platform behind Espresso Sequencer, to help Ethereum builders and developers achieve interoperability.

What does Tandem bring to the market?

With this new project, the team is offering Tandem as a partner studio that will provide select projects with access to Offchain Labs’ resources and the ability to build and launch on-chain applications.

Tandem’s proprietary service will use Arbitrum Nitro’s execution layer and leverage features such as data availability and Rollup-as-a-service (RaaS) for customizable scalability. RaaS helps projects scale their infrastructure to improve network operations and deployment.

Commenting on Tandem’s mission, Steven Goldfeder, co-founder and CEO of Offchain Labs, said:

“By providing resources and mentorship, we aim to empower developers and entrepreneurs to bring their visionary ideas to life and drive the next wave of decentralized applications and transformative technologies. We are excited to see the groundbreaking projects that will emerge from this initiative.”

Projects that leverage Tandem will have a dedicated stakeholder who acts as a “point of contact” collaborating on the project from construction to deployment. Additionally, projects will benefit from partnerships facilitated by Tandem.