Bankless

Massive Arbitrum Acquisition!! with Steven Goldfeder & Preston Van Loon

Oct 20, 2022

Steven Goldfeder, CEO of Offchain Labs, and Preston Van Loon, co-founder of Prismatic Labs, dive into the recent acquisition of Prismatic by Arbitrum. They discuss the implications for Ethereum's scalability and the blending of talents that this merger brings. The conversation also touches on the balance between commercial interests and the open-source ethos, exploring how this partnership could shape the future of decentralized technology. With insights on community engagement and the importance of transparency, the duo sheds light on the evolving blockchain landscape.

59:25

Creator website

Episode guests

Preston Van Loon

Steven Goldfeder

AI Chapters

Episode notes

Intro

2min

Layer Two Solutions and User Experience in Web3

7min

Uniting Forces for Ethereum's Future

15min

Commitment to Open Source and Ethereum's Growth

17min

Decentralization and Commercial Diversity in Blockchain

5min

Implications of the Prismatic Labs Acquisition

11min

Celebrating Contributions and Future Prospects in Ethereum

2min

Arbitrum acquires Prysmatic! Hear all about the deal and what it means for both teams, the future of Ethereum, and the space writ large.

------ Push | Try the Communication Protocol of Web3 https://bankless.cc/Push

------ SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ ️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/

------ BANKLESS SPONSOR TOOLS:

️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum

DESO | DECENTRALIZED SOCIAL BLOCKCHAIN

https://bankless.cc/Deso

BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave

TRUEFI | CRYPTO FINANCIAL HUB https://bankless.cc/TrueFi

SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence

️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/Fuelpod

------ Timestamps:

0:00 Intro 10:00 How the Acquisition Happened 13:45 Prysmatic Big W's 15:15 Ethereum W's 16:08 Prysmatic Origins 23:20 What Happens Next at Prysmatic 24:50 Arbitrum's Contribution 30:37 Credible Neutrality Concerns 35:25 Open Source Ethos 43:43 Vitalik's Take 49:47 Acquisition Concerns 53:10 Arbitrum Access 56:00 Prysmatic Worth 57:56 Wen Arb Token 58:20 Closing & Disclaimers

------ Resources:

Steven Goldfeder https://twitter.com/sgoldfed

Preston Van Loon https://twitter.com/preston_vanloon

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures