ConsenSys, a New York-based Ethereum software company, acquired Hal, a MiddleTown, DE-based provider of a no-code blockchain development tooling platform that helps individuals and organizations query and automate blockchain data.
The amount of the deal was not disclosed.
With this acquisition, Infura, a Web3 API provider from ConsenSys, will extend capabilities in its developer stack by using the configurable webhooks/notification service built by Hal. This integration will allow developers to create alerts and notifications at the protocol level for various signals. The 10 Hal employees joining ConsenSys team will bring their experience in low-code/no-code development solutions to bolster the Infura product suite.
Led by Marco De Rossi, President, Hal is a blockchain data listening and automation platform with automated workflow tools (i.e. notifications) across email, Discord, Slack, Telegram, and Twitter including:
- Digital assets trading: Track wallet, liquidity levels, tokens and NFT prices, relevant swaps, and collateral health
- Decentralized governance: Boost DAOs’ engagement through notifying the community about upcoming voting.
- Blockchain compliance: Track crypto activities for tax purposes and push data from blockchains to centralized IT systems.
ConsenSys is an Ethereum software company which enables developers, enterprises, and people worldwide to build applications, launch financial infrastructure, and access the decentralized web. Its product suite—composed of Infura, Quorum, Truffle, Codefi, MetaMask, and Diligence—serves users, supports blockchain-based queries for its clients and digital assets.
The acquisition of Hal by ConsenSys comes just one year after the company acquired MyCrypto to team up with the market-leading Web3 wallet, MetaMask. The plan is for Hal to build on the user experience improvements that have come in the wake of the MyCrypto acquisition and enable MetaMask to offer a dynamic, personalized notification system, which should help drive engagement throughout the ecosystem.
FinSMEs
22/02/2023