On May 6th, COINOTAG reported that Figment is actively pursuing potential acquisitions, a move that may initiate a fresh wave of consolidation within the crypto asset sector. This interest comes in light of the cryptocurrency-friendly regulations established during the administration of former President Trump. In a recent interview, co-founder and CEO Lorien Gabel indicated that the staking service provider is particularly targeting projects exhibiting transaction volumes ranging from $100 million to $200 million. The focus lies on establishing partnerships with entities that hold significant influence in specific geographical markets or are dedicated to enhancing particular blockchain ecosystems. This strategic approach underscores Figment’s commitment to enhancing its position within the rapidly evolving crypto landscape, aiming to leverage community-centric innovations and bolster operational efficiencies.
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