Terraform Labs (TFL) announced the acquisition of Pulsar Finance, a cross-chain data provider.
1/ We’re thrilled to announce that TFL has acquired @PulsarFinance, a leading cross-chain portfolio manager and data infrastructure provider ?https://t.co/8prSU4XKUw
What does this mean for the Terra ecosystem? ? ⤵️
— Terra ? Powered by LUNA ? (@terra_money) November 13, 2023
Terms of the deal were not disclosed.
The acquisition gives TFL an “immediate impulse,” allowing it to quickly bring to market cross-chain-solutions, said Kris Amani, the firm’s CEO.
“The integration of the project not only enriches our tech stack, but also adds an incredibly talented team led by three entrepreneurs-innovators with proven experience in creating and launching successful applications,” Amani said.
The Pulsar platform, launched in 2021, supports 96 networks and more than 700 protocols. The startup offers users a simple way to track the performance of various tokens, DeFi positions, and NFTs.
The flagship product, Portfolio, will be integrated into the cross-chain wallet in Terraform Station. In addition, Pulsar Data will be integrated with TFL’s infrastructure tools.
This summer, the then-chief operating officer of Terraform Labs COO Amani became interim CEO in place of Do Kwon.
“We never stopped developing, but after Kwon’s departure we needed some time to adapt our strategy. The guiding principle of TFL has always been usefulness. We are now focusing on applying it to the development of the ecosystem,” Amani explained.
In August, Terra’s administration reported a breach of sites on the terra.money domain by unknown actors aimed at phishing. Users were warned against entering seed phrases and other actions on these pages.
Subsequently, the Terra Station wallet developers updated the app.
Earlier in June, a group of six Terra Allies engineers presented a plan to revive the Terra Classic ecosystem.