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Lukka Acquires Venato to Enhance Their DeFi and Web3 Capabilities

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It is reported that Lukka, a cryptographic asset software and data management provider, announced the completion of the acquisition of Venato, a Web3 blockchai…

Lukka Acquires Venato to Enhance Their DeFi and Web3 Capabilities

It is reported that Lukka, a cryptographic asset software and data management provider, announced the completion of the acquisition of Venato, a Web3 blockchain analysis company. The specific amount of the acquisition has not been disclosed yet. Venato will be incorporated into Lukka’s DeF and Web3 R&D and engineering teams to help Lukka use intelligent frameworks to mark and identify DeFi transactions and access analysis engines with innovative profit and loss tracking. At present, Venato has supported more than 90 DeFi protocols.

Lukka, a cryptographic asset software provider, acquires Venato, a Web3 blockchain analysis company

Interpretation of the news:


Lukka, a software and data management provider for cryptographic assets, has made a strategic move by acquiring Venato, a Web3 blockchain analysis company. The announcement of the acquisition has been made public, but the financial terms of this agreement have yet to be disclosed.

The main objective behind Lukka’s acquisition is to incorporate Venato’s advanced analytical capabilities into their DeFi (decentralized finance) platform. The focus is to improve their R&D and engineering teams through the implementation of intelligent frameworks that enable them to mark and identify DeFi transactions. By doing so, Lukka would be able to assess and analyze DeFi activities efficiently.

Moreover, the amalgamation of Venato into Lukka’s platform provides access to innovative profit and loss tracking engines. This feature allows for better tracking of DeFi-based transactions in particular, which is a noteworthy accomplishment. Venato has already established effective protocols for more than 90 DeFi projects, which will immensely help Lukka in developing a well-established DeFi framework that caters to the industry’s needs.

The acquisition of Venato signifies Lukka’s commitment to implementing innovative strategies for blockchain-based financial services. With DeFi gaining substantial traction globally, Lukka’s acquisition of Venato is a noteworthy event that could have a lasting impact on the industry’s future. The incorporation of Venato’s analytical prowess, coupled with Lukka’s data management capabilities, provides the foundation for a progressive blockchain-based infrastructure.

To conclude, the acquisition of Venato by Lukka highlights the significance of collaboration in the blockchain ecosystem. With the integration of advanced analytical strategies with data management capabilities, Lukka’s platform offers a holistic approach to DeFi services, catering to the industry’s needs.

Overall, the acquisition of Venato by Lukka, with a focus on DeFi and Web3 capabilities, is a strategic move that positions Lukka to become a prominent player in the blockchain ecosystem.

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