Offchain Labs completed the acquisition of Prysmatic Labs.

Offchain Labs, a developer of the Layer 2 secure scaling solution for decentralized application development on the Ethereum blockchain, completed the acquisition of Prysmatic Labs, a software development company. Financial terms were not disclosed. "Prysmatic Labs possesses an incredibly talented team of engineers, and their dedication to the Ethereum community shows via their best-in-class product that is used broadly in the Ethereum ecosystem. We are looking forward to the integration of the Prysmatic Labs team as we work together to scale Ethereum," Steven Goldfeder, Offchain Labs CEO.