Fomo Acquires Mobula's Technology Assets, User Count Surpasses 1.9 Million

Fomo has announced the acquisition of proprietary software and intellectual property developed by Mobula, a company specializing in on-chain data aggregation and infrastructure. Some members of the Mobula team will join Fomo as part of this acquisition. This deal comes during a rapid growth phase for Fomo, with the user count more than doubling since early July, surpassing 1.9 million, and adding over 30,000 new users daily. In terms of transaction volume, it was $500 million in June, increasing to $1.5 billion in July, and is expected to exceed $2.8 billion in August, with an annualized revenue of over $200 million.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.