One of the primary development teams responsible for the Ether Merge, Prysmatic Labs, has become a part of Offchain Labs – the developer of Ethereum layer-2 network Arbitrum, via a new acquisition. 

Specifically, the financial condition related to the acquisition were not revealed, but it was noted Prysmatic Labs selected to become a part of Offchain Labs “for many reasons”, but primarily due to both firms’ alignment in their core beliefs.

Prysmatic Labs co-founder Raul Jordan reportedly remarked that the initiative will “build a unified team stronger than the sum of its parts.”

“Merging with Offchain Labs made perfect sense to us as an Ethereum team because we develop software extensively in Go, are fully incentive-aligned with the success of Ethereum, and are focused on shipping quality software for others to use”. 

Offchain Labs further states that the future of ETH is dependent on layer 1 for consensus and data availability and layer 2 for execution and scalability, and the purchase it made for Prysmatic Labs is a stride toward combining experts in these two fields.

Regardless of the Prysmatic Labs team officially becoming a member of Offchain Labs, their “work will continue uninterrupted,” and their work regarding Ethereum node client software will carry on to be developed under Offchain’s umbrella.

They are still putting in work to design Prysm as a fully open-source and neutral consensus client and bringing EIP-4844 data-sharding to production.

The post concluded via giving out hints for possible future partnerships between the two teams.

“There are several other joint initiatives that we plan to work on together, furthering both L1 and L2 development.”