Blockchain browser and search engine Roam has announced the it will merge with Coinbase. According to the official announcement, Roam declared that its products will be discontinued and replaced by Coinbase.
To speed up the growth of Coinbase’s on-chain consumer business, the CEO, CTO, CPO, and other founding team members of Roam will also join the company.
Why is Roam Merging With Coinbase?
The main reason for the merge and acquisition is Roam’s expansion towards a “new type of open financial system.”
According to the official announcement, the goal of Roam is to create a mobile browser that can adjust to the blockchain internet of the future.
At present, the community has given their browser product a lot of praise, and they are thrilled to be able to provide consumers a completely new on-chain experience.
The Roam team will now concentrate on developing tools that promote a new kind of open financial system after joining Coinbase.
“We launched Roam because we believe that the foundation of the internet is evolving and becoming more open, verifiable, and permissionless,” the firm stated.
It also added, “Our goal was to provide users with a mobile browser that was built for this onchain future. We are proud of the product we built and happy it was so well received by the community. We’re now winding down the Roam app and joining Coinbase because this is where we can have the biggest impact building products that support this new open financial system.”
With more than 3.5 million OpenRoamingTM nodes under management and 600,000 more nodes added by its user base, Roam’s network presently has over 800,000 members in 200 countries.
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Roam’s Previous eSim Launch
Catering to its audience and expanding in the blockchain communication realm, Roam had previously announced that it was launching a new eSim.
The firm had also introduced the first Telecom Data Layer in history. By fusing blockchain technology with existing infrastructure, Roam was transforming wireless connection worldwide.
Roam’s introduction of the Roam eSIM marked its newest product that provides users with free worldwide broadband access. With its smooth and cost-free worldwide broadband connectivity, Roam’s eSIM represents a significant advancement in wireless communication.
The launch also came against the backdrop of a rise in blockchain ecosystems providing mobile and communication services. Even Solana mobiles had pledged the launch of its new mobile.
These advancements were a boon for the whole blockchain, crypto and gaming community, giving them a chance to proliferate cutting-edge technology to others in the realm.