Offchain Labs Purchases Ethereum Client Prysm
Offchain Labs, the company behind L2 protocol Arbitrum has acquired Prysm’s Ethereum client developer, Prysmatic Labs. The parties have not disclosed the financial terms of the deal.
According to the press release, Prysmatic Labs will continue to oversee the Prysm client. The parties are also working on “several joint initiatives” focused on the development of networks of the first and second levels.
The press release says:
“Prysmatic Labs joins Offchain Labs. We will continue to develop Prysm as a completely neutral and open source consensus client. The team is also actively involved in Ethereum development activities and is one of the key developers leading the implementation of EIP-4844.”
Prysmatic Labs is one of the main teams behind the development of The Merge upgrade architecture for the Ethereum blockchain.
