DeFi 3.0 platform Betwin (BY) has been officially acquired by the Bluemount Foundation.

According to ME News, on May 26th (UTC+8), Betwin (BY), a next-generation decentralized social ecosystem, announced its formal acquisition by Bluemount Foundation. BF has officially taken over its DeFi business and established BMBY, strengthening its position in data ownership, privacy protection, and social value distribution. As part of the acquisition, Betwin had previously completed a $2 million institutional funding round, with participants including well-known institutions such as Bluemount Foundation, Infinite Alliance, ChainPulse Capital, and UZ Capital. Leveraging Bluemount Foundation's strategic resources, Betwin will accelerate the implementation of blockchain social networks, break the data monopoly of traditional social media giants, and reconstruct the trust system and value distribution mechanism of the digital age. (Source: ME)