Terraform Labs (TFL) announced the acquisition of internetworking data provider Pulsar Finance.
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1/ We’re thrilled to announce that TFL has acquired @PulsarFinancea leading cross-chain portfolio manager and data infrastructure provider 🎉https://t.co/8prSU4XKUw
What does this mean for the Terra ecosystem? 🧵 ⤵️
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) November 13, 2023
Terms of the deal were not disclosed.
The acquisition of Pulsar gives TFL “an immediate boost,” allowing it to quickly bring cross-chain solutions to market, said the firm’s CEO Chris Amani.
“The integration of the project not only enriches our technology stack, but also adds an incredibly talented team led by three innovative entrepreneurs with a proven track record of building and launching successful applications,” he added.
Launched in 2021, the Pulsar platform supports 96 networks and over 700 protocols. The startup offers users an easy way to track the performance of various tokens, DeFi positions, and NFTs.
The flagship product, called Portfolio, will be implemented in the cross-chain wallet in Terraform Station. In addition, the Pulsar Data service will be combined with TFL infrastructure tools.
This summer, Amani, who served as COO of Terraform Labs, took over as acting CEO from Do Kwon.
“We never stopped developing, but after Kwon left, we took some time to adapt our strategy. The core principle of TFL has always been utility. We are now focusing on its application for ecosystem development,” Amani explained.
In August, the administration of the Terra project reported that sites on the terra.money domain had been compromised by unknown individuals for the purpose of a phishing attack. Users were warned about the dangers of entering seed phrases and other actions on these pages.
Later, the developers of the Terra Station wallet updated the application.
Recall that in June, a group of six Terra Allies 6/6 engineers presented a plan to revive the Terra Classic ecosystem.
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2023-11-13 15:14:11
#Terraform #Labs #acquired #data #provider #Pulsar #Finance #ForkLog
