Arbitrum Foundation Eyes Japanese Market for Ethereum Layer 2 Expansion
Today, the Arbitrum Foundation, an organization dedicated to supporting Arbitrum, an Ethereum Layer 2 network, announced a strategic partnership with protocol studio Fracton Ventures.
The collaboration seeks to establish Arbitrum's footprint in Japan, an outcome to be achieved through the launch of Arbitrum Japan, a platform designed to kickstart ecosystem growth and community education initiatives.
Arbitrum Foundation's Head of Ecosystem Development, Nina Rong, noted the vast potential inherent in the Japanese market in the press release.
"In our collaboration with Fracton Ventures, we feel we are uniquely positioned to reach a new demographic of developers, innovators, and blockchain-curious consumers that haven't previously been exposed to the benefits of blockchain technology," she said. "And how Arbitrum has leveraged that tech to become the leading Layer 2 scaling platform throughout the industry."
Siddharth Pillai, Head of Partnerships at Fracton Ventures, expressed confidence in the ability of his organization to successfully deliver the vision of Arbitrum Japan.
Pillai noted the untapped potential in the Japanese blockchain sector, which has not experienced a great amount of exposure to leading technology and developer tools. The introduction of Arbitrum Japan, he believes, will provide the opportunity to fully harness the power of blockchain within the region.
The partnership between the Arbitrum Foundation and Fracton Ventures is set to adopt a two-pronged approach towards achieving its goals. The first aspect involves business development and ecosystem building, while the second focuses on education and community support.
Fracton Ventures, operating out of Japan, will utilize its network of experts, investors,
Read more on cryptonews.com
