Figment Strengthens Staking Data by Acquiring Rated Labs

Figment's New Acquisition

Figment has taken a significant step by acquiring the blockchain analytics firm Rated Labs to provide data transparency to its corporate clients and support staking decisions. The value of the acquisition has not been disclosed yet.

With this agreement, Figment will offer its clients more robust data tools. Rated Labs' Explorer and data APIs will assist clients in managing their staking processes more effectively.

Additionally, this acquisition stands out as part of Figment's strategy to make acquisitions with a total budget of up to 200 million dollars. It is seen as an important step towards the company's growth objectives.