Sat, March 29

Supra Acquires Blockpour, Rebrands as OpenBlocks to Drive AI-Powered Cross-Chain Innovation

Supra Acquires Blockpour, Rebrands as OpenBlocks to Drive AI-Powered Cross-Chain Innovation Blockchain News
  • Supra’s purchase of Blockpour aims to integrate these resources into Supra’s ecosystem while using Blockpour’s vast data sets and cutting-edge technology.
  • Both teams have a clear shared goal as they rebrand to OpenBlocks, and they are fully on the same page about delivering the AI-driven cross-chain experience to users across Web3 and beyond.

Supra today announced that it has acquired Blockpour, a leading blockchain tooling and data provider, in a significant strategic move. Blockpour is rebranding to OpenBlocks as part of the purchase, which signifies both a new identity and their shared goal and plan for AI-driven, cross-chain transactional solutions.

The foundation for Supra’s IntraLayer architecture was established by its native oracle price feeds, dVRF, cross-chain connectivity, and automation features, making it the first Layer 1 blockchain built with complete vertical integration. Supra wants to act as the hub for coordination and execution in all areas of digital finance as an IntraLayer. By adding OpenBlocks, they want to provide the tools, goods, and services necessary for anybody to build and take advantage of the opportunities IntraLayer presents, advancing users’ understanding of the cross-chain future and the AI-agentic world.

A Strategic Acquisition for Enhanced Blockchain Infrastructure

Supra’s purchase of Blockpour aims to integrate these resources into Supra’s ecosystem while using Blockpour’s vast data sets and cutting-edge technology. Both teams have a clear shared goal as they rebrand to OpenBlocks, and they are fully on the same page about delivering the AI-driven cross-chain experience to users across Web3 and beyond. With their combined experience, this purchase seeks to expedite the development of these products and services. 

Kyle Baron, Managing Partner, BCW Group, angel investors in Blockpour stated:

“We’re incredibly proud of the Blockpour team and what they’ve built. This acquisition by Supra is a perfect next step in their journey, and we’re excited to see how they advance on-chain data and analytics. At BCW, our Venture Studio’s core focus is identifying promising ideas and strong builders, and then providing them with the strategic guidance, operational expertise, and network they need to succeed. We’re thrilled to see two of our portfolio companies enter this next chapter together. We deeply appreciate the unwavering support of Blockpour’s early backers, and their confidence and belief in our vision have been instrumental in reaching this milestone.”

Introducing OpenBlocks AI: The Future of Cross-Chain AI Agents

By rebranding to OpenBlocks.ai, the firm will accelerate blockchain technology innovation while still providing the reliable, trustworthy on-chain data solutions that were previously associated with Blockpour. 

A new suite of AI agents from OpenBlocks.ai will make use of Supra’s innovative IntraLayer architecture to let users traverse the cross-chain landscape with remarkable efficiency. Through the use of pre-defined vaults and error-proof functions, AI agents powered by Supra’s IntraLayer abstract away the complexity of cross-chain activities and provide a user-friendly and secure experience. It seeks to simplify the whole process while providing consumers with more authority and control over their AI agents.

Brayden Abick, CEO of OpenBlocks.ai (formerly Blockpour) stated:

“Joining forces with Supra is an exciting milestone for us. Our core product set remains intact, and we’re now positioned to rapidly innovate with AI and IntraLayer functionality. Our vision is to radically simplify blockchain transactions, turning what was once a complex process into an experience accessible to everyone.”

Joshua Tobkin, CEO and co-founder of Supra added:

“This acquisition not only enriches our technological capabilities but also enhances the overall user experience across the blockchain ecosystem. With OpenBlocks’ data-driven approach and our IntraLayer technology, we are poised to drive significant industry transformation.”

A new era of cross-chain innovation powered by AI is heralded by the smooth integration of OpenBlocks.ai into the Supra ecosystem. Through the integration of Supra’s IntraLayer architecture and OpenBlocks’ proficiency in blockchain data and analytics, this collaboration aims to redefine user interactions with decentralized systems in addition to creating better tools. The industry is moving faster toward a future where blockchain transactions are intelligent, automated, and seamlessly cross-chain thanks to Supra and OpenBlocks’ combined efforts. 

Supra is a all-new blockchain that combines automation, randomness, bridges, and oracles vertically into a strong Layer 1 that is compatible with MultiVM. It is intended to enable a new generation of Super dApps by providing developers with all the resources they need to build on a single chain.

In addition, Supra is a leading provider of verified randomness and Oracle price feeds for more than 80 blockchains with Layer 1 security assurances. With the help of a developer toolkit that includes in-depth guides and technical whitepapers, they concentrate on expanding Web3 and resolving actual issues for dApp developers.

Building on Blockpour’s heritage, OpenBlocks provides cutting-edge blockchain tools and data solutions. Focusing on the integration of cross-chain technologies with AI-driven agents, OpenBlocks enables users to carry out intricate blockchain activities via a unified, user-friendly interface.

Listed gaming company WeMade, GS Futures, an early-stage corporate venture arm of the Korean conglomerate GS Group, crypto VC Kestrel 0x1, layer 1 Algorand Foundation, and a number of other supported funds, businesses, and individuals participated in Blockpour’s previous seed round fundraising in June 2022. 

Building cloud, Web3, and AI infrastructure that connects and engages with the on-demand digital world is the focus of the business solutions company and venture studio BCW Group.

Infrastructure service technologies, enterprise solutions, ventures, and products are among its business categories. Moreover, it hs introduced solutions in the domains of DLT naming service (HNS), APIs and infrastructure tools (Arkhia), and DLT interoperability (hashport & BCW DVN on LayerZero).

Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.