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Offchain Labs acquisition of ZeroDev promotes the development of smart accounts and cross-chain applications.
On August 13, Offchain Labs announced the acquisition of the smart account development team ZeroDev. ZeroDev currently supports over 5 million smart accounts across more than 30 chains, providing tools for multiple encryption projects including ApeCoin, Conduit, and Crossmint.
This acquisition aims to meet the growing demand for on-chain infrastructure, promote the on-chaining of large institutions and consumer applications, and work in synergy with the previously launched universal intent engine to achieve fast cross-chain transactions and a seamless user experience.