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.
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Prismatic Labs' Early Days
- Preston Van Loon and Raul Jordan started Prismatic Labs in 2018, initially funded by grants and community support.
- Vitalik Buterin's "YOLO grant" of 1000 ETH boosted their confidence to work full-time on Ethereum scaling.
Benefits of Acquisition
- Offchain Labs' acquisition allows the Prismatic team to focus more on development by offloading non-core tasks like HR and funding.
- This allows faster iteration and knowledge sharing within a larger talent pool.
Synergies and Scaling
- Arbitrum's acquisition of Prismatic Labs contributes to Ethereum's development and the rollup-centric roadmap.
- The synergy between layer 1 and layer 2 expertise offers mutual benefits and accelerates scaling efforts.