Offchain Labs acquires smart account development team ZeroDev

Offchain Labs has announced the acquisition of ZeroDev, a smart account development team. ZeroDev currently supports over 5 million smart accounts across more than 30 chains, providing tools for numerous crypto projects, including ApeCoin, Conduit, and Crossmint. This acquisition aims to meet the growing demand for on-chain infrastructure and promote the on-chain migration of large institutional and consumer applications. The acquisition will work in conjunction with the company's previously launched universal intent engine to enable fast cross-chain transactions and a seamless user experience.