fomo Acquires Mobula for $17M to Bring On-Chain Data In-House Amid Explosive Growth
Summary
fomo acquired Mobula in a $17M deal to bring on-chain data infrastructure in-house. The company wants tighter control over reliability and performance as user growth and trading volume accelerate. Mobula’s team will join fomo, and the acquired technology will support the platform’s expanding products, including fomo Web, fomo Perpetuals, and Clans. The transaction reflects a strategic shift away from third-party data providers toward internal infrastructure ownership.
AskAI Classifications
Sectors
Fintech, Banking and Payments
General FinTech
Functions
Developer and IT Infrastructure
Development Platforms
Infrastructure Management
