Robinhood launches its own blockchain testnet

U.S. stock and crypto trading app Robinhood has launched a public testnet for its proprietary blockchain, Robinhood Chain, The Block reported. The chain is an Ethereum Layer 2 built on Arbitrum. Robinhood stated that over the next few months, developers using the chain will gain access to testnet-specific assets and be able to test directly through the Robinhood Wallet. The company has selected Chainlink as its oracle partner.