Payment Platform Metal Acquires Multifunctional EOSIO Platform Bloks.io
Payment Platform Metal Acquires Multifunctional EOSIO Platform Bloks.io
August 22, 2020
Payment Platform Metal Acquires Multifunctional EOSIO Platform Bloks.io
Payment Platform Metal Acquires Multifunctional EOSIO Platform Bloks.io
August 22, 2020

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.

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.

ALSO READ :  Nasdaq To Use R3's Blockchain Software Corda To Build Institutional Grade Digital Assets

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


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!