Arbitrum Developer Acquires Ethereum Consensus Client Prysmatic Labs

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Arbitrum Developer Acquires Ethereum Consensus Client Prysmatic Labs
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The financial terms of the deal have not been disclosed yet.

Ethereum smart contract scaling solution developer Offchain Labs announced that it is acquiring Prysmatic Labs, one of the core engineering teams that architected the Merge and built Prysm.

Prysmatic Labs co-founder Raul Jordan said merging with Offchain Labs “made perfect sense” and believes the acquisition will help in building a “unified team stronger than the sum of its parts.” He further went on to add,

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