DLTx ASA, a global distributed ledger and blockchain company, announced today the acquisition of NachoNodes’ intellectual property, management, and technology team. NachoNodes is a US based node infrastructure company.
Alex Firmani and Adam Liposky, partners at NachoNodes, built Pocket Network and other Web3 projects and will focus on scaling DLTx’s node infrastructure.
With the acquisition, NachoNodes and its leadership are now officially a part of DLTx. The transaction will increase DLTx’s node operations while leveraging existing DLTx data center operations in the United States and Europe.
“We believe relay is an essential activity to the growth of the digitalized and centralized economy,” says James Haft, Chairman at DLTx.
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“At DLTx, we focus on efficiently funding and rapidly deploying nodes on the leading, disruptive blockchain protocol networks,” says Haft. “Our goal is to have funded and scalable networks in place to support the growing volume of decentralized, blockchain transactions. The NachoNodes acquisition is consistent with our strategy at DLTx to build out transactional nodes and networks and identify foundational Layer 1 protocols that disrupt large-scale opportunities in business and social communications and transactions.
“The management of NachoNodes includes two of the core founding members of the Pocket network, which is a significant and leading player in relay. This acquisition jump starts and positions DLTx to be a significant player in that market and should open up a new profitable line of expansion for us.”
“After learning what NachoNodes and their team had to offer, it became obvious to us that working together is a natural fit for DLTx,” says Simon Campbell, COO of DLTx. “Their deep understanding of Web3 infrastructure will add immediate value to our firm.”
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The combined business provides an opportunity for investors to participate in the ever-expanding list of high-margin protocol mining, staking, and Web3 services, such as distributed communications and transactional applications and protocols.
“The acquisition immediately scales our technical and leadership capabilities in addition to laying the foundation for revenue from the Pocket Network,” says Haft. “The acquisition also provides critical node infrastructure to developers and accelerates our progress towards becoming a scalable, world-class decentralized global infrastructure provider.”
“There was immediate alignment between our firms, and we knew that working together on a complementary vision would enable us to reach our goals exponentially faster,” said Adam Liposky, Partner at NachoNode. “Combining NachoNodes’ unique skill set with DLTx’s access to vast compute and financial resources unlocks significant opportunities in Pocket Network and beyond.”
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