Gemini Acquires Guessler
Posted by Colin Lambert. Last updated: August 11, 2021
M&A activity in the digital assets space shows no sign of slowing with news that Gemini has acquired real-time market predictions provider Guesser.
Also requiring guesswork is the cost of the acquisition – terms of the deal were not disclosed – but Gemini says the Guesser team brings experience in decentralised finance (DeFi) applications, smart contract software and tech, and on-chain markets.
The Guesser platform will be closed and the team will transition their focus to a variety of projects in the DeFi space including the accelerated adoption of Gemini dollar (GUSD), the firm’s regulated stablecoin.
Gemini says with DeFi among the fastest growing sectors in crypto, the Guesser team, led by their CEO Jose Garay and CTO Carlos Gonzalez, will join Gemini’s product team to spearhead projects ranging from submitting GUSD integration proposals and building oracles to developing relationships with DeFi protocols.