https://techcrunch.com/2022/07/20/crypto-startup-blockdaemon-continues-acquisition-spree-buying-sepior/

Crypto infrastructure provider Blockdaemon has acquired Danish startup Sepior, a digital asset security company providing key management services for institutional clients, for an undisclosed price. The deal marks the startup’s fourth acquisition in two years, the latest of which was Blockdaemon’s purchase of NFT aggregator Gem in March of this year.

The crypto markets have been trending downward since April, and web3 companies are cash-strapped as a result. So seeing Blockdaemon, a venture-backed crypto startup, dole out cash to continue its inorganic growth strategy is somewhat unexpected.