Big news! 🚨 @Offchainlabs has acquired @zerodev_app. They've built out an incredible developer toolkit for pioneering smart accounts including features like: - Key abstraction - Gas abstraction - Transaction abstraction - Chain abstraction Powered by EIP-7702 and ERC-4337. We're extremely excited to provide developers with more of a comprehensive development when choosing to build with us.

A baby and an acquisition. It's been a whirlwind of a year. I have a lot of reflections to share, but for now, I just want to say thank you to all the users, team members, partners, and investors of ZeroDev ❤️ Together we have pushed and will continue to push Web3 UX forward.

First blocks processed using the Nethermind execution client on a full @Arbitrum local chain simulation🧪 A major step in our partnership to bring high-performance client diversity to Arbitrum. We are using a modified version of nitro-testnode to initialize a fresh local chain and process blocks using the Nethermind Client. This will be our foundation for testing newly implemented features and configurations. We are currently working on web assembly execution and adding stylus support. Up next: Syncing to Sepolia testnet.

A few weeks ago, I asked why DAOs have failed and I was overwhelmed by the responses. Nearly every issue came down to one thing: people. This is not surprising. Governance is one of the most critical and messiest components in any blockchain ecosystem. DAOs, like rough consensus, are tools for coordinating human decision making. The transparent, public, and measurable nature of DAOs make it even more problematic at times as everything is out in the open. I've taken a step back to reflect on the problems I see in DAO governance and how we might start to fix them. I've written three new posts on: - Background on DAOs, - Challenges in the Proposal Process, - Learning from Failures to build Better DAOs. And two earlier pieces worth revisiting: - Why DAOs are interesting. - Vote buying as a service in DAOs. Links in the next tweet. 👇

This is a thread about enshrinement. There has been always a push from different sectors to have ePBS without the removal of trusted players. The common saying is "we may be enshrining the bad thing". I want to dispute this vehemently, and this may be a long thread. 1/11

It begins My team and I have been working on this a while Now it’s your move. If you're building (or thinking about it) on @arbitrum, we’ve got your back step by step 🛠️ Virtual builder workshops 🌐 Regional Buildathons 🏠 IRL hacker houses 🚀 Acceleration for top teams It came together with help and ideas from across the Arbitrum Foundation and Offchain Labs truly a team effort 💪 💙 Arbitrum Everywhere 💙 Sign up to be the first to hear about the upcoming initiatives

Any profit maximizing company will launch an Ethereum L2 vs deploy on a general purpose L1: - More customizability - More revenue streams - MEV capture - Higher margins - Solve for max execution, not consensus TLDR: companies make more money launching L2s than as standalone L1s

On my way home from ETHCC and some high level takeaways: - Cannes way exceeded my expectations despite the heat. @jdetychey and team did a great job organizing. - Robinhood stole the show. Everywhere I went it was THE topic of conversation. I don’t think it was just the tokenized stocks or chain announcement that caused it, but the clearly defined vision about how crypto rails are the most effective path for building out the future growth of their business. Well done @vladtenev, @JohannKerbrat and team. You totally crushed it. - Institutional pace is accelerating. Incumbents are beginning to recognize that if they don’t accelerate, they can get disrupted quickly. There are still a lot of open questions around compliance, privacy etc, but there is now an urgency to solve them. - There was almost no emphasis on memecoins or broader speculative onchain experimentation. It’s possible I missed those conversations because I wasn’t at Solana or Base events, but compared to Denver a few months ago the conversations have completely changed. The convergence of DeFi and Tradfi was at the top of everyone’s mind. - It felt like for the first time there was a clear understanding of the @arbitrum strategy of the relationship between Arbitrum One and Orbit, and how the platform is designed to support developers and orgs across their onchain journey. Some of our early strategic product design choices have been validated. I’m sure there are other things that will come to mind but I felt like it was a really effective few days and ready to just keep on pushing the space forward. Arbitrum Everywhere.

I’ve gotten some questions about how Orbit chains accrue value to the Arbitrum DAO. L3s on Arbitrum One pay settlement fees to Arbitrum One, so there’s no explicit fee. All other Orbit chains (e.g. L2s on Ethereum, L3s on Base) share 10% of their onchain revenue with the DAO. Where does this money go? It’s fully transparent and onchain. 80% of it goes to the DAO’s onchain treasury directly controlled by the tokenholders. 20% goes to the Arbitrum Developer Guild to support development of the protocol. The fact that the revenue goes to a community-controlled onchain treasury is unique to Arbitrum.

What a history day for crypto, Robinhood, Ethereum and of course @arbitrum. I have many thoughts that I can't wait to share but will leave you with just a few for now: - What Robinhood is doing is truly historic. Using crypto rails to run their business is such a 0 --> 1 moment for our industry. Absolute trailblazers. This is going to be the largest onramping of traditional traders and users onto blockchain in such a thoughtful way. - The Arbitrum platform was such a great product fit for them on their journey. Ability to launch on Arbitrum One and migrate to their own chain when ready. No other platform can offer the robustness of Arbitrum across that spectrum. - Arbitrum has and remains the home of the convergence of DeFi and traditional finance. That has never been more true than today and we are onboarding tens of millions more into the ecosystem of net new crypto users. It has been a pleasure working with @JohannKerbrat and his entire team. The announcement was exciting but the real work begins today. Arbitrum Everywhere.