Arbitrum Foundation & Fracton Ventures Speed Ethereum Layer 2 adoption in Japan

In a major move to expand Ethereum’s Layer 2 ecosystem, the Arbitrum Foundation today announced its strategic tie-up with Fracton Ventures, a renowned protocol studio. This alliance aims to anchor Arbitrum’s presence firmly in Japan by introducing “Arbitrum Japan”, a platform specifically curated for ecosystem growth and promoting community learning and involvement.

Paving the Way for Japan’s Blockchain Leap

Reflecting on the collaboration’s potential, Nina Rong, the Arbitrum Foundation’s Head of Ecosystem Development, commented on Japan’s untapped blockchain market. She emphasized, “Joining hands with Fracton Ventures enables us to connect with a fresh set of developers, visionaries, and individuals keen on understanding blockchain. Arbitrum’s pioneering role in leveraging this technology to emerge as the top-tier Layer 2 scaling platform cannot be underscored enough.”

If you don’t want to miss out Arbitrum’s new growth plan with Fracton in Japan 🇯🇵 few accounts you should follow:@Arbitrum_jpn – Arbitrum Japan account@wecandaoit – Fracton, trusted partner in Japan@9dai_5 – fren of da show at Fracton@vvinyll – fren of da show at Fracton

— Nina Rong | Arbitrum (💙,🧡) (@nina_rong) September 29, 2023

Echoing her sentiment, Siddharth Pillai, who spearheads partnerships at Fracton Ventures, placed his bet on the combined forces of both organizations in materializing the objectives of Arbitrum Japan. Highlighting Japan’s relatively lesser exposure to avant-garde technology and developer-centric tools, Pillai sees Arbitrum Japan as the beacon of change, bringing blockchain’s potential to the forefront in Japan. Both entities are devising a bifocal strategy to achieve their shared vision. One facet will steer business expansion and ecosystem development, while the other will pivot towards community education and bolstering support.

With its roots in Japan, Fracton Ventures is in a prime position to rally its vast network of specialists, financiers, and developers to augment the Arbitrum ecosystem. The strategy will lean into synergies between web2 and web3 companies, propelling business advancement. On the educational front, the emphasis will be on rolling out informative content via Ask-Me-Anything (AMA) sessions and hackathons. University envoys and community figureheads will also be at the helm of activities to encourage the Arbitrum wave among the populace. Back in July, at the WebX conference, Japan’s Prime Minister, Fumio Kishida, had underscored Japan’s conducive environment for crypto growth, while also highlighting the transformative potential of web3 for societal metamorphosis.

Arbitrum: A Glimpse into their Odyssey

Marking its inception with a token airdrop in March 2023, the Arbitrum Foundation was simultaneously launched. Early adopters of the Layer 2 network were rewarded with a staggering 1.16 billion tokens, endowing them with governance rights over the DAO, regulating the Arbitrum One and Nova networks.

Fast-forward to now, despite initial hiccups, Arbitrum has carved its niche in the Ethereum Layer 2 scaling market, leading the pack in terms of total value locked (TVL).

Data from L2BEAT illustrates Arbitrum’s staggering TVL of $5.9 billion across Layer 2 chains, surpassing competitors such as Optimism and Coinbase’s Base. The future looks promising with the confluence of the Arbitrum Foundation and Fracton Ventures. If executed to perfection, this synergy could propel blockchain adoption in Japan to new heights, unveiling myriad avenues for developers and investors.