M&A Deal Summary |
|
|---|---|
| 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 | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Marketing M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2021 M&A | 1 of 1 |
