M&A Deal Summary |
|
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Date | 2021-09-23 |
Target | Lucidity |
Sector | Marketing |
Buyer(s) | Umbrella Network |
Deal Type | Add-on Acquisition |
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Umbrella Network is a community-owned Layer-2 oracle network that batches data for providing low-cost, scalable, and secure data. It utilizes the advances in Merkle tree technology to write multiple data points on a single on-chain transaction, making batching data to smart contracts more accurate and cost-effective. Umbrella Network is based in Grand Cayman, Cayman Islands.
DEAL STATS | # |
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Overall | 1 of 1 |
Sector (Marketing) | 1 of 1 |
Type (Add-on Acquisition) | 1 of 1 |
Country (United States) | 1 of 1 |
Year (2021) | 1 of 1 |