According to BlockBeats, on June 4th, the core team of the Cosmos ecosystem, Cosmos Labs, has acquired the blockchain explorer Mintscan and established a new subsidiary in Seoul, Cosmos Labs Korea, to manage several key infrastructures within the Cosmos ecosystem.

Barry Plunkett, Co-CEO of Cosmos Labs, mentioned that discussions for this deal began last October. The details regarding the transaction scale, financing method, and whether it involves the Cosmos Hub token ATOM have not been disclosed. After the deal closes, some Mintscan employees will join Cosmos Labs, while other departments of Stamper will remain unaffected.

Mintscan is currently tracking over 80 blockchains based on Cosmos. Cosmos Labs states that this acquisition will bring Mintscan, Skip:Go, IBC Eureka, and Cosmos Hub development under a more unified framework, enhancing the engineering capabilities of Cosmos Hub.