Offchain Labs Acquires Smart Contract Account Development Team ZeroDev

BlockBeats News, August 13th, Offchain Labs announced that they have acquired the smart contract account development team ZeroDev. ZeroDev currently supports over 5 million smart contract accounts across more than 30 chains, providing tools for various crypto projects including ApeCoin, Conduit, Crossmint, and more.

This acquisition is aimed at meeting the growing on-chain infrastructure needs, driving the on-chain transformation of large institutions and consumer applications. It will work in conjunction with the previously launched Universal Intent Engine to achieve fast cross-chain transactions and a seamless user experience.