Off Chain Labs Promotes ARB Financial Asset Incorporation…Announces Phased Acquisition Plan

Off Chain Labs has revealed that it plans to purchase Arbitrum’s native token, ARB, in order to incorporate it into its own financial assets.
On the 11th (local time), cryptocurrency media The Block reported that Ethereum development company Offchain Labs
Labs has announced plans for a strategic purchase, which will see it acquire ARB, the native token of the Arbitrum ecosystem.
The company plans to purchase ARB in stages through open markets and other transactions based on pre-determined criteria.
The company plans to secure ARB over a period of time through open market and other transactions, but did not disclose how many tokens it will purchase.
In addition, the statement said, "Based on this purchase plan, Off Chain Lab will be publicly traded based on pre-determined criteria.
"We plan to gradually purchase ARB through open markets and other transactions," the company said. The company's decision to increase its ARB holdings is part of its ongoing efforts to expand the ecosystem.
This is part of ArbitrumDAO's strategic initiatives as well as plans to support technical advancements such as BoLD, Orbit, and Stylus.
Meanwhile, Arbitrum is one of the Ethereum Layer 2 solutions based on Optimistic Rollup technology, and currently has a total deposited assets of 1.
The company remains at the top of the industry, with TVL exceeding $2.3 billion.