Lukka, a cryptographic asset software provider, acquires Venato, a Web3 blockchain analysis company

It is reported that Lukka, a cryptographic asset software and data management provider, announced the completion of the acquisition of Venato, a Web3 blockchain analysis company. The specific amount of the acquisition has not been disclosed yet. Venato will be incorporated into Lukka’s DeF and Web3 R&D and engineering teams to help Lukka use intelligent frameworks to mark and identify DeFi transactions and access analysis engines with innovative profit and loss tracking. At present, Venato has supported more than 90 DeFi protocols.

Interpretation of this information:

The news report announces the acquisition of Venato, a Web3 blockchain analysis company by Lukka, a cryptographic asset software and data management provider. The specific amount of the acquisition has not been disclosed yet, but it is known that Venato will be incorporated into Lukka’s DeF and Web3 R&D and engineering teams. The main objective of this acquisition is to help Lukka use intelligent frameworks to mark and identify DeFi transactions, gain access to analysis engines with innovative profit and loss tracking, and ultimately improve their work in DeFi.

The importance of the integration of Venato into Lukka’s teams cannot be overstated, as Venato has already supported over 90 DeFi protocols. With Venato’s expertise in analyzing blockchain data and Lukka’s cryptographic asset software, it is expected that the two companies will be able to offer more effective solutions for DeFi participants.

Overall, the acquisition of Venato by Lukka aims to improve Lukka’s role in DeFi, allowing them to analyze the vast amounts of blockchain data effectively. By incorporating Venato’s blockchain analysis capabilities, Lukka can improve their cryptographic asset management solutions and provide more comprehensive support for DeFi participants.