Cardano acquires Infinity Blockchain Group to enhance interoperability with other networks
EMURGO, the commercial arm of Cardano, has announced its acquisition of the Infinity Blockchain Group (IBG) in an effort to expand Cardano’s interoperability.
IBG is a group of several blockchain companies operating across Asia, led by blockchain research and development specialist Infinity Blockchain Labs.
The acquisition aims to strengthen EMURGO’s strategic resources and accelerate research into Cardano’s interoperability with other well-known blockchains.
Interoperability has been one of Cardano’s core values since its launch. Cardano’s long-term goal is to create a decentralized data platform based on blockchain technology that is scalable enough to handle large amounts of user data and is able to integrate with other networks.