Odaily Planet Daily reports that Aztec Labs has announced the acquisition of Obsidion, the company behind the privacy authentication tool ZKPassport. The core team of Obsidion will join Aztec Labs to continue developing ZKPassport and related privacy products.
According to the announcement, Obsidion co-founders Michael Elliot and Theo Madzou will join Aztec Labs together; the transaction amount and other terms have not been disclosed. Aztec Labs also stated that it will continue to maintain the open-source nature of the ZKPassport protocol and its iOS mobile application, underscoring its long-term commitment to privacy and an open ecosystem. (The Block)