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Gleec's recent move is quite fierce - they directly invested 23.5 million USD to take away the entire Komodo ecosystem.
This is not an ordinary acquisition. Komodo is considered a veteran player in the industry; back when atomic swaps and cross-chain technology were being developed, many projects were still in the PPT stage. This transaction bundled the brand, tech stack, token system, along with the core development team, effectively bringing home a mature cross-chain solution.
Interestingly, some of Komodo's technology has quietly been used in Gleec's decentralized exchange for a while now. Now officially incorporated, it is expected to make some significant moves in cross-chain interoperability. After all, spending this much money surely isn't just to buy a brand.