Deloitte Acquires Blocknative in Acqui-Hire for Web3 Talent
Summary
- Deloitte has acquired Blocknative in an acqui-hire deal to secure Web3 talent and technology.
- Blocknative's API and gas network services are scheduled to be phased out by June 19.
- The market is watching how the deal could affect the expansion of institution-focused Web3 businesses and the blockchain infrastructure market.
Forecast Trend Report by Period
Deloitte has acquired crypto infrastructure company Blocknative in an acqui-hire deal, as the global accounting and consulting firm moves to add Web3 talent and technology.
Crypto-focused media outlet The Block reported on May 19 that Deloitte bought Blocknative through an acqui-hire.
The Blocknative team is set to join Web3 innovation projects at 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.
Market participants are watching how the deal could affect the expansion of institution-focused Web3 businesses and reshape the blockchain infrastructure market.
