Blockdaemon completed the acquisition of Gem.

Blockdaemon, a blockchain infrastructure company, completed the acquisition of Gem, a cryptocurrency API company. Financial terms were not disclosed. “With our acquisition of Gem, Blockdaemon is welcoming to our fold the brilliant Micah Winkelspecht, Gem CEO and long-time cryptocurrency entrepreneur, along with an extremely talented team of engineers and product people. As a result, Blockdaemon will immediately generate transaction-based revenue, a key strategic business model for us going forward,” Konstantin Richter, Blockdaemon CEO and Founder.