Supra Buys Blockpour & Rebrands It As OpenBlocks.ai To Accelerate Cross-Chain Automation

Source: Depositphotos

The high-performance Layer-1 blockchain Supra is diving into the agentic AI space with the strategic acquisition of the data analytics and tooling startup Blockpour. 

While Blockpour will continue to exist as a separate entity, it will do so under a new name: OpenBlocks AI, representing a new identity focused on its strategic vision of AI-powered, automated blockchain interactions.  

Supra is one of the most ambitious L1 projects in the blockchain industry at the moment. It began life as a simple data oracle provider, but quickly morphed into a full-blown decentralized network that integrates some fascinating features not found in other blockchains. For instance, it boasts integrated oracle price feeds that connect it to the non-blockchain world, plus native verifiable on-chain randomness and cross-chain interoperability. The network itself is powered by a novel Moonshot consensus mechanism that’s able to process up to 500,000 transactions per second, built atop of more than 300 globally-distributed nodes. 

Supra says what it’s really building is an “IntraLayer” architecture for decentralized applications that will ultimately become the execution hub for cross-chain digital finance, coordinating transactions across multiple blockchain networks. To that end, it also offers Supra Containers, which are dedicated execution spaces where developers can create independent ecosystems and economies on the Solana blockchain, without needing to set up a network of validators and bootstrap liquidity. 

The acquisition of Blockpour will enable Supra to provide additional tooling, products and services to take advantage of the unique capabilities provided by its IntraLayer architecture, it says. 

Blockpour has built a comprehensive data analytics platform and DeFi application programming interface. Its network-agnostic tools are used by advanced traders and institutions to analyze real-time price data fees and identify trends across multiple DEX platforms, dApps and Automated Market Maker, allowing them to discover opportunities and make more profitable trades. 

Supra intends to harness these capabilities for its own IntraLayer ecosystem, and with Blockpour’s rebrand to OpenBlocks AI, it’s also looking to transform multichain finance through AI agent-powered automation.  

The plan is for OpenBlocks AI to launch a suite of different AI agents in the near future that will live on Supra’s IntraLayer, enabling them to efficiently navigate the broader Web3 ecosystem with relative ease. Because the IntraLayer takes all of the complexity out of multichain interactions, these agents will be able to automate cross-chain DeFi and trading strategies, paving the way for more profitable trading strategies. OpenBlocks AI’s agents will notably feature safeguards based on predefined vaults, helping to prevent any errors in their transactions, Supra said. In this way, users will have more precise control and oversight with regard to what their agents are doing on their behalf. 

The acquisition appears to have been engineered by the venture capital firm BCW Group, which has previously invested in both Supra and Blockpour and realized the synergies between the two projects. 

“We're thrilled to see two of our portfolio companies enter this next chapter together,” said BCW Managing Partner Kyle Baron. “We deeply appreciate the unwavering support of Blockpour's early backers, and their confidence and belief in our vision have been instrumental in reaching this milestone.”

What’s interesting is that OpenBlocks AI wants to make its AI agents so easy to use that anyone can utilize them to make smarter and more intelligent investing decisions. 

“Our core product set remains intact and we’re now positioned to rapidly innovate with AI and IntraLayer functionality,” said OpenBlocks AI’s Chief Executive Brayden Abick. “Our vision is to simplify blockchain transactions, turning what was once a complex process into an experience accessible to everyone.” 

If it sounds like an ambitious plan, that’s because it is. Supra wants to do nothing less than lead the industry into a new era of “AI-driven cross-chain innovation” and redefine how users interact with decentralized finance. 

“With OpenBlocks’ data-driven approach and our IntraLayer technology, we are poised to drive significant industry transformation,” insisted Supra’s co-founder and CEO Joshua Tobkin. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.