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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.