On September 29, 2023, the Arbitrum Foundation unveiled a significant strategic partnership with Fracton Ventures Co., Ltd., to broaden the horizons of Arbitrum scaling solutions in Japan. This joint venture, christened Arbitrum Japan, is geared towards enhancing blockchain technology adoption and spearheading the growth of the Arbitrum ecosystem within the Japanese domain.
The primary objective behind this strategic alliance is to expedite the expansion of the Arbitrum ecosystem in Japan and to proliferate the adoption of blockchain technology in the region. Arbitrum, acclaimed as a prominent Layer 2 scaling solution on the Ethereum blockchain, currently holds a commendable position with nearly 55% of the Total Value Locked (TVL) across Layer 2 chains.
Fracton Ventures, with its established reputation in Ethereum protocol development, will helm the inception of Arbitrum Japan. This endeavor is anticipated to galvanize consumer…
