Deloitte absorbs Blocknative team as crypto infra firm winds down APIs and Gas Network
Deloitte has acquired the team from crypto infrastructure firm Blocknative as the company ceases its operations. Blocknative's services, including its API and Gas Network, will wind down by June 19. This acquisition reflects a broader trend of consolidation in the crypto industry, as traditional firms like Deloitte expand their involvement in the sector.
- ▪Deloitte has acqui-hired the team from Blocknative, a blockchain infrastructure firm.
- ▪Blocknative is in the process of ceasing operations, with services expected to end by June 19.
- ▪The acquisition highlights a trend of consolidation in the crypto ecosystem, with many companies announcing layoffs.
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Deloitte has acqui-hired crypto infrastructure firm Blocknative, according to an announcement on Tuesday. Blocknative’s team will "focus on driving Web3 innovation across Deloitte’s client portfolio." The Blocknative website now returns an announcement post noting that the firm is "now in the process of ceasing operations." The Blocknative API and Gas Network are winding down, with services expected to operate through June 19. Founded in 2018, Blocknative is a blockchain infrastructure company that specializes in real-time mempool monitoring, gas fee prediction and transaction management. It offered APIs and other tooling to optimize transactions, while its Gas Network served as a decentralized oracle network for sourcing real-time gas fee pricing data.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Block (Crypto).