ConsenSys acquires HAL to expand Infura’s blockchain alerting and automation capabilities
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Introducing chain signaling into Infura’s product stack will allow developers to create protocol-level alerts and notifications for various signals.
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More than 40 higher-level APIs for blockchain/on-chain listening and signals will be available to developers due to this integration.
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Hal’s acquisition represents a step forward in Infura’s plan to help build an open, decentralized web by giving blockchain developers access to powerful tools that support multiple networks and use cases.
NEW YORK, February 21, 2023–(BUSINESS WIRE)–Today, ConsenSys announced the acquisition of HAL, a no-code blockchain development tools platform that helps individuals and organizations search for and automate blockchain data. With this acquisition, Infura, the world’s leading Web3 API provider from ConsenSys, will expand the capabilities of its developer stack using the powerful configurable webhooks/alert service built by HAL. This integration will allow developers to create protocol-level alerts and notifications for various signals.
HAL is a blockchain data listening and automation platform with automated workflow tools (i.e. alerts) across email, Discord, Slack, Telegram and Twitter, including:
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Trade in digital assets: Track wallet, liquidity levels, tokens and NFT prices, relevant swaps and collateral
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Decentralized governance: Increase DAO engagement by notifying the community of upcoming voting.
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Blockchain Compliance: Track crypto activities for tax purposes and push data from blockchains to centralized IT systems.
“Infura has invested in tools and features that will enhance the developer experience and fill the gaps in the build process. Providing developers with a seamless end-to-end experience is a key goal and one of the most important trends is low code / no code solutions. Hal is a great fit for Infura since it allows users to access more than 40+ higher level APIs for blockchain/on-chain listening and signals”, said Eleazar Galano, co-founder of Infura. “This integration marks a step forward in Infura’s plan to evolve beyond the leading RPC provider and become the leader in blockchain development tools,” Galano added.
The announcement signals a major step in the acceleration of ConsenSys’ vision to continue to evolve its core product suite and build better systems for a decentralized future.
The acquisition of HAL by ConsenSys comes just one year after the company acquired MyCrypto to merge with the market-leading Web3 wallet, MetaMask. The plan is for HAL to build on the user experience improvements that have come in the wake of the MyCrypto acquisition and enable MetaMask to offer a dynamic, personalized notification system, which will help drive engagement throughout the ecosystem.
In ’22 and ’23, ConsenSys has witnessed the modularization, growth and maturation of the Ethereum ecosystem. The company continues to be on the lookout for strong acquisition opportunities and actively pursues many of the most exciting projects in the area in niches such as wallet security, account abstraction, various aspects of MEV, Layer 2 scalability, privacy, Web3 components (e.g. identity , verifiable identification, NFTs) and more.
The 10 talented HAL employees joining the ConsenSys team will bring their experience in low-code/no-code development solutions to strengthen the Infura product suite. This will expand Infura’s capabilities in higher-order APIs, while offering a new level of composition for developers to create “recipes” for alerts that may be useful to their team or users. In sum, HAL will provide Infura with unique technical expertise in designing and implementing effective blockchain automation and alerting solutions.
“Since day one, we’ve believed that bridging the gap between Web3 and Web2 is critical to improving the blockchain user experience, reaching less technical people, scaling blockchain to mass adoption, and fulfilling the trustless, humanizing Web3 vision we’re all excited about.” said Marco De Rossi, president and co-founder of HAL. “Joining our efforts with ConsenSys is the way to tremendously accelerate the impact of HAL technology by bringing it to millions of users,” De Rossi added.
See the source version at businesswire.com: https://www.businesswire.com/news/home/20230221005606/en/
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