Deloitte Acquires Blocknative in Acqui-Hire for Web3 Talent
Summary
- Deloitte has acquired crypto infrastructure company Blocknative in an acqui-hire, according to a report.
- The Blocknative team will join Web3 innovation projects within Deloitte, while its existing API and gas network services are set to shut down by June 19.
- The market is watching how the deal will affect the expansion of institution-focused Web3 businesses and the reshaping of the blockchain infrastructure market.
Forecast Trend Report by Period
Deloitte, the global accounting and consulting firm, has acquired crypto infrastructure company Blocknative in an acqui-hire aimed at bringing in Web3 talent and technology.
Crypto news outlet The Block reported on May 19 that Deloitte bought Blocknative through an acqui-hire, a deal structured to secure personnel.
The Blocknative team is set to join Web3 innovation projects within Deloitte.
Blocknative is currently winding down its operations.
Its API and gas network services are scheduled to be phased out by June 19.
Blocknative has provided Ethereum-based transaction infrastructure and gas fee-related services.
Global consulting and financial firms have recently intensified competition for talent as they expand tokenization, blockchain infrastructure and Web3 services.
The market is watching how the acquisition will affect the expansion of institution-focused Web3 businesses and the reshaping of the blockchain infrastructure market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
