Metal, the blockchain-based payment platform, has acquired Bloks.io, the multifunctional EOSIO platform.
It has been reported by Metal representatives that the binding letter for the acquisition was signed earlier this week, as the final amount of the deal was not disclosed.
However, originally launched as a simple block explorer for EOS (EOS), Bloks.io has expanded into a multi-purpose EOSIO platform supporting various networks like WAX, Telos, Proton, and others.
According to Metal, Bloks.io had more than 10,000 daily active users at the time of the acquisition.
A spokesperson of Metal said that Bloks.io is the first and only block explorer acquired by the company. With the deal, Metal expects to benefit from a large number of real token holders on Bloks.io.
Blockchain payment processor @metalpaysme acquires $EOS block explorer https://t.co/zUsQp9F661 for an undisclosed sum https://t.co/6X3sY57C9n — Cointelegraph (@Cointelegraph) August 21, 2020
As per the report, the firm is also looking to collaborate with Bloks.io developers led by Syed Jafri, a former Ethereum developer. A founder of major block producer EOS Cafe Block, Jafri won a $200,000 EOSIO smart contract challenge from EOSIO creator Block.one in May 2020.
Metal aims to further expand the capabilities of its proprietary blockchain and cryptocurrency known as Proton (XPR).
Launched by Metal in April 2020, Proton is a public blockchain and smart contract platform designed for consumer apps and peer-peer payments.
Thus, with the new acquisition, Metal plans to integrate Proton into the Collectables.io platform as a chain and wallet option. Also founded by Jafri, Collectables.io is a non-fungible token marketplace running on the WAX blockchain.
Source: Cointelegraph | Image: MacRumors Forums
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