BlockBeats News, May 20th, Deloitte announced on Tuesday that it has acquired the crypto infrastructure company Blocknative through an acquisition mainly focused on talent. According to the announcement, the Blocknative team will in the future "focus on driving Web3 innovation within the Deloitte client ecosystem."

Currently, the Blocknative official website has displayed a notice stating that the company is "gradually ceasing operations." Its Blocknative API and Gas Network service will also be gradually shut down, expected to remain operational until June 19th.

Founded in 2018, Blocknative is a blockchain infrastructure company that focuses on real-time mempool monitoring, Gas fee prediction, and transaction management. The company provides APIs and related tools for optimizing on-chain transactions; its Gas Network is a decentralized oracle network used to provide real-time Gas fee data.

This move comes amidst an overall wave of integration in the crypto ecosystem. It also follows traditional companies like Deloitte increasing their exposure to crypto. Deloitte now provides accounting, auditing, and other enterprise services to crypto companies.