Toronto’s Blockchain Foundry, which recently launched crypto-based learn-to-earn platform Metacademy, has been acquired by the recently public WonderFi Technologies, a Vancouver-based financial technology startup operating primarily in the crypto space.
WonderFi, which also acquired Coinberry back in June, says the acquisition “further solidifies WonderFi as the Canadian leader in the digital asset space.”
“BCF is on a great trajectory with a diverse set of intellectual property, brand partnerships, and a revenue generating track-record,” explains WonderFi CEO Ben Samaroo on his firm’s latest move.
Current economic conditions in the crypto market “have made it attractive for WonderFi to be able to acquire companies like BCF … and Bitbuy,” he added.
“We are thrilled to be joining the WonderFi team, which has deep expertise in Web3 and a complementary product mix to BCF’s current products and development initiatives,” Blockchain Foundry CEO Dan Wasyluk commented.
There are “numerous operational and consumer synergies which we can capitalize on to enhance opportunities across a range of Web3 experiences,” noted Wasyluk, whose company this year launched LastKnown, a non-fungible token minting platform and marketplace for unique NFT drops from artists and collections.
Citing “material consumer and operational synergies across BCF’s complete product suite and development initiatives,” WonderFi intends to scale BCF’s product offering through its user base across platforms.
WonderFi is certainly a BC-based crypto startup to watch.