Nirvana Labs Acquires Vektor to Boost the web3 Cloud's Suite of Onchain Managed Services
2 min read
Nirvana Labs has acquired Vektor, a multichain query and execution platform, to enhance its cloud computing services tailored for the crypto industry. Vektor’s best-in-class and growing integrations support over 50 protocols across 15+ chains, covering reading and executing of swaps, bridging, lending, borrowing, and LP position management, including venues such as Curve, Balancer, Uniswap v3, and more.
"We are building the products that hyperscalers will never build for our industry" said Dan Burke, CEO of Nirvana Labs.
"Vektor has completely redefined how developers interact with protocols for data and execution, and by integrating Vektor's technology we are dedicated to expanding the number of web3 managed services that Nirvana Cloud offers."
Key highlights:
- The acquisition will enable Nirvana Labs to offer Vektor's unique onchain workflows as a managed service through its high-performance, low-latency bare metal cloud and RPC nodes platform.
- This will bring unprecedented multichain functionality for developers across onchain data collection and execution.
- Nirvana Labs will integrate Vektor’s onchain workflows as a managed service, enhancing multichain functionality and access.
- Vektor's 'Vektor eXecution Language' (VXL) allows developers to query, compose, and execute activities across multiple blockchains with speed and simplicity.
The big picture:
As the demand for Web3 specific hosting solutions grows, this acquisition highlights the importance of robust infrastructure and innovative tools.
"We are excited to be joining Nirvana Labs and leveraging their unparalleled web3 cloud infrastructure to empower developers with the most advanced tools for complex onchain development" said Vektor co-founder and CEO, Andy Bryant.
Akram Hussein, co-founder & CTO of Vektor added, "We built Vektor to simplify and supercharge the onchain development experience, and are thrilled to offer this to developers on the most robust web3 hosting platform we have found in the market"
Why it matters:
- The acquisition marks a pivotal moment for Nirvana as the leading web3 hosting service, as it unlocks new possibilities for web3 managed services and multichain functionality.
- Vektor’s technology simplifies complex onchain tasks, making it easier for developers to build and execute across multiple blockchains.
- The move underscores Nirvana Labs' commitment to advancing crypto-specific cloud computing by providing the infrastructure and tools necessary for developers and investors to thrive in an increasingly onchain world.