TradeBlock, a crypto market index provider and data firm, has been acquired by CoinDesk.
The deal, announced Tuesday, will see TradeBlock, which previously raised funds from the likes of A16z and Digital Currency Group, become a wholly owned subsidiary of CoinDesk, which is itself a subsidiary of DCG.
The terms of the deal were not disclosed. TradeBlock was founded in 2013, and its founders later created Axoni, a firm focused on distributed ledger applications in capital markets. TradeBlock raised $2.8 million in 2014.
CoinDesk is positioning the deal in part as a means to offer new data-focused and index products. "The entire TradeBlock team will stay with the company in the acquisition," the media company said in its release.
“Mainstream acceptance of bitcoin is accelerating right now as Wall Street wakes up to its potential. With that has come an urgent need for the kind of robust data and professional tools that enable institutions to participate,” CoinDesk CEO Kevin Worth said in a statement.
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.