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Circle announces the acquisition of Interop Labs, a significant merger in the crypto ecosystem. Interop Labs is the development team behind the well-known cross-chain infrastructure project Axelar. This acquisition not only includes the team itself but also all intellectual property rights related to the project.
This move signifies Circle's firm stance on expanding cross-chain interoperability. Axelar, dedicated to solving communication issues between different blockchains, has its technical expertise and team professionalism widely recognized in the industry. Through this acquisition, Circle gains core technological assets and talent reserves in the cross-chain field.
For the industry, this reflects the continued investment enthusiasm of leading institutions in Web3 infrastructure. As the multi-chain ecosystem develops further, the importance of cross-chain interoperability becomes increasingly prominent. Circle's action is expected to accelerate the development and practical application of related technologies.
Cross-chain technology definitely needs someone to take the lead, otherwise ecosystems will keep playing separately without end.
The team at Axelar is probably about to change ownership now, not sure how they'll operate moving forward.
Circle wants to fully understand Web3 infrastructure, I can understand this logic.
By the way, does anyone still use Axelar? It feels like there hasn't been much news lately.
Axelar was acquired... feels a bit unfortunate.
Cross-chain definitely needs someone to invest heavily, just not sure if they can pull it off.
Big institutions are still playing the same game, more money and more people.
Now Axelar's dream of independence is probably shattered.
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That's outrageous, in the cross-chain race, the big fish still eats the small fish.
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Wait, what about Axelar's token holders? Did they get cut again this round?
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Hey, calling it Web3 infrastructure in a nice way, but it's actually just big capital pouring money to monopolize.
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To be honest, Circle bet correctly on cross-chain, but this kind of acquisition method is really a bit rough.
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So in the end, the winners are still those big institutions, and small project teams are still dreaming about what.
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Not bad, Circle, this move was well played, finally someone willing to invest in infrastructure.
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Another dream of being acquired. I counted, and I've seen at least five or six news reports like this this year.
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If interoperability is really worth that much, then I might as well go all-in on the cross-chain concept.
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Wait, is this good news or bad news? The project is acquired, but the community tokens are still trapped?