Blockchain-based payment platform Metal has acquired the multifunctional EOSIO platform Bloks.io.
The binding letter for the takeover was signed earlier this weekMetal agents told Cointelegraph on Aug. 21. The final amount of the settlement was not disclosed.
Originally released as a simple block explorer for EOS (EOS), Bloks.io has been expanded to a multi-purpose EOSIO platform that supports various networks like WAX, Telos, Proton, and others. According to metal Bloks.io had more than 10,000 active users per day at the time of acquisition.
A Metal spokesperson told Cointelegraph that Bloks.io was the first and only block explorer the company acquired. With the deal, Metal hopes to benefit from a large number of real token holders on Bloks.io.
The company also wants to partner with Bloks.io developers, who are led by former Ethereum developer Syed Jafri. Jafri, founder of the large block producer EOS Cafe Block, won an EOSIO Smart Contract Challenge worth $ 200,000 from the inventor of EOSIO Block.one in May 2020.
Metal wants to further expand the functions of its blockchain and proprietary cryptocurrency Proton (XPR).. Launched by Metal in April 2020, Proton is a public blockchain and smart contract platform designed for consumer applications and peer-to-peer payments.
With the new acquisition, Metal plans to integrate Proton as a chain and wallet option into the Collectables.io platform. Collectables.io was also founded by Jafri and is a non-fungible token marketplace that runs on the WAX blockchain.
The deal with Bloks.io is Metal’s second acquisition this year. In May, the company bought the Lynx (LYNX) cryptocurrency and blockchain project.
Besides Bloks.io, there are various EOS block researchers like Eosx.io, Eospark.com, Eosflare.io and others. The platforms are used to track blocks and transactions in the EOSIO blockchain, a decentralized system based on the native cryptocurrency EOS.. EOS was launched in 2018 and is one of the largest cryptocurrencies in the world by market capitalization. At press time, EOS is the 11th largest digital asset with a market capitalization of $ 3.4 billion.