TAAL acquires blockchain explorer WhatsOnChain in £2M share deal – CoinGeek

TAAL acquires blockchain explorer WhatsOnChain in £2M share deal – CoinGeek

Bitcoin blockchain explorer WhatsOnChain will develop into a “browser for the blockchain” offering new tools to make data processed on Bitcoin SV (BSV) more useful and transparent. TAAL Distributed Information Technologies Inc. (CSE:TAAL | FWB:9SQ1 | OTC: TAALF) this week acquired the company in a GBP2 million deal to buy all issued and outstanding shares, with development milestones for WhatsOnChain staff.

TAAL said in a statement that it intends to develop new revenue streams including support and services for enterprise users, APIs and proprietary server components that mesh with its own corporate services. WhatsOnChain’s base is open-source and the site’s basic functions (including existing APIs) are free to the general public.

WhatsOnChain was the first explorer to dedicate itself entirely to the BSV blockchain, launching in November 2018 as “sort of a hobby.” Its development team of co-founder Simon Ordish, Liam Missin and Waqas Raza have decades of business and software development experience each. The three will be joining TAAL and continuing in their current roles.

TAAL paid for the acquisition with 1,739,882 TAAL common shares. WhatsOnChain staff shares will be put on a four-month hold in compliance with securities laws, after which half will be locked for a year, and the remaining half for five years to be handed over on
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