Deloitte acquires Blocknative team via "team acquisition," the company will discontinue API and Gas Network services

Odaily news, Deloitte has absorbed crypto infrastructure company Blocknative through a "team acquisition." The Blocknative team will now focus on driving Web3 innovation within Deloitte's client portfolio.

An announcement on Blocknative's official website states that the company is ceasing operations, with its API services and Gas Network expected to be gradually shut down after running until June 19. Founded in 2018, Blocknative primarily provided real-time mempool monitoring, Gas fee forecasting, and transaction management tools, while its Gas Network delivered 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 undergone layoffs or ceased operations, while traditional professional service firms like Deloitte continue to expand their service coverage in the crypto sector, including areas such as accounting, auditing, and business consulting.