Svmuu reported that Deloitte has absorbed the crypto infrastructure company Blocknative through a "team acquisition." The Blocknative team will now focus on driving Web3 innovation within Deloitte's client portfolio.
According to an announcement on Blocknative's official website, the company is ceasing operations. Its API services and Gas Network are expected to run until June 19 before being gradually shut down. Founded in 2018, Blocknative primarily provided real-time mempool monitoring, Gas fee forecasting, and transaction management tools. Its Gas Network was used to deliver real-time Gas price data.
This transaction occurs against the backdrop of a new wave of consolidation in the crypto industry. Recently, multiple infrastructure projects have experienced layoffs or ceased operations, while traditional professional services firms like Deloitte continue to expand their service coverage in the crypto sector, including accounting, auditing, and corporate advisory.