Representatives of the Cipher Browser, which is also developing a browser for decentralised applications Web 3 (Dapp), stated that combine many features with Toshi, decentralized mobile browser, which is developed in Coinbase.
Browser Cipher’s founder, Peter Kim will become the new head of Toshi, because both apps integrate their functions.
We combine many functions in Cipher Toshi. We strive to create the best application for Web 3 on a mobile device.
None of the parties did not disclose details of the transaction.
Vice President Coinbase communications Rachel Horwitz said that the company “always is seeking to acquire and invest only in the best teams and technologies in the cryptocurrency world”:
Given the similarity of our visions of the product, we look forward to working with Pete, who will become head of development at Toshi with sid Coelho-Prabhu, product Manager at Coinbase Toshi. In the coming weeks we will begin the merging of Cipher and Toshi.
Recall that last month, Coinbase has hired a former Executive Director of LinkedIn Emily Choi as its new Vice-President, corporate development and business development. Part of its functions is to work on projects of mergers and acquisitions.