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Multis announced its acquisition by Safe, a smart contract wallet infrastructure provider. The focus will now be on enhancing the scalability of Safe's products beyond Ethereum, aiming to increase user adoption and further decentralization.
According to a press release by Multis, the partnership aims to simplify asset management across various blockchains by expanding Safe's product scalability beyond Ethereum. This acquisition aligns with both companies' shared mission of empowering users to operate independently of traditional financial systems and promoting greater decentralization in the web3 industry.
Thibaut Sahaghian, former CEO of Multis, will assume the role of Network Abstraction Lead within the Safe ecosystem. He and his team will focus on making digital asset adoption more accessible for businesses and individuals. According to a press release by Safe, Sahaghian and the former Multis team members will work together to address the challenges of cross-chain interaction through network abstraction, simplifying the management of assets across multiple blockchain networks.
