Blockchains Acquires Development Firm Behind ‘The DAO’ Project

United States-based blockchain incubator and investment firm Blockchains, LLC, has acquired the German dev team slock.it, according to a press release on June 3.

Slock.it’s team is reportedly around three dozen large, and is known for its creation of the now-defunct decentralized autonomous organization (DAO) project “The DAO.” Co-founders and brothers Christoph and Simon Jentzsch will reportedly join Blockchains as VP of technology and director of blockchain development, respectively.

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