Report: Facebook Acquires Blockchain Startup in Apparent First
Social media giant Facebook has reportedly acquired a blockchain startup, marking an apparent first for the company.
Sources purportedly told Cheddar that Facebook acquired Chainspace, a small blockchain startup, in an ‘acquihire,’ or an acquisition of a company made primarily for the skills or expertise of its staff, rather than the service or products the company provides.
Chainspace, which was founded by researchers from University College London, was reportedly developing a decentralized payments system using smart contracts.
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