Bankless Acquires Earnifi – A $150 million tool

On December 2, 2022, Bankless completed the acquisition of Earnifi. By the acquisition, Bankless will provide users with software that automatically scans for unclaimed airdrops of digital assets.

Bankless is known best for its flagship podcast, while Earnifi scans wallet data on EVM-compatible chains to locate unclaimed airdropped tokens or NFTs and notifies users via email of outstanding assets.

According to a statement from the media company, this acquisition is a part of plans to ramp up its educational programs in the upcoming year. More than 30 million people have downloaded the podcast, which is supported by a daily newsletter that has more than 250,000 subscribers. With the acquisition of Earnifi, the firm hopes to scale into new markets by utilizing that growth.

the founder of Earnifi expressed a sense of delight saying he had joined the best to expand Earnifi after 2 years of solo building. In addition, Dawson Botsford will join Bankless as its first Chief Technology Officer.

Bankless also has its own decentralized autonomous organization (DAO), which was established in May of last year when it gave BANK tokens, which are used for native governance, to premium subscribers. The BANK token is a smart contract running on the Ethereum blockchain, and the token is distributed directly from its treasury.

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