Ethereum’s ConsenSys Closes $450M Round And Announces Major Changes To MetaMask
Ethereum venture production studio ConsenSys published a report on its 2022 progress. The company outlined the closing of a $450 million financing round, which put its valuation at over $7 billion, and the growth of its products. Related Reading | MetaMask And Infura Clarify On Connectivity Complaints, Problem Solved? The round was led by ParaFi Capital, […]
Related News
“Next round will be our Series ETH, where we will assist investors in getting fully crypto native,” says Joseph Lubin, founder and CEO of ConsenSys. On Tuesday, ConsenSys, the leading Ethereum and decentralized protocols software company with product suites such as MetaMask, Infura and Truffle, announced the close of a $450-million Series D funding round led by ParaFi Capital. Notable new investors included Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures and C Ventures. The deal more than doubles its valuation since the firm’s $200-million Series C raise in....
The DeFi economy continues to be built on Ethereum. A new report from ConsenSys highlights the extent to which the Ethereum network drives decentralized finance. The Ethereum (ETH) network continues to be a major driving force behind decentralized finance, signaling the continuation of a trend that began around mid-2020, according to a new quarterly DeFi report by ConsenSys. By the end of June 2021, 2.91 million unique Ethereum addresses had interacted with at least one DeFi protocol, representing 65% growth from the previous quarter. “As community driven education, simple user interfaces,....
According to a Consensys blog post published on October 11, the Ethereum-based wallet Metamask has added instant bank-to-crypto transfers via the automated clearing house (ACH) settlement merchant Sardine. Metamask Users Can Swap Fiat for Over 30 Crypto Tokens On Tuesday, the crypto firm Consensys published an announcement that explains the ETH wallet Metamask has added bank-to-crypto transfers through the ACH company Sardine. “With Sardine’s new instant ACH integration, you can buy crypto instantly with no settlement delays,” Consensys explains in the recently....
MetaMask’s monthly active users have grown 38-fold since 2020 as demand for DeFi and NFTs continues to surge. Blockchain infrastructure provider ConsenSys has reached a lofty valuation of $3.2 billion after closing a $200 million funding round, joining over a dozen other crypto-focused companies to reach coveted unicorn status this year alone.The $200 million financing round saw participation from several new investors, including Marshall Wace, Third Point and Think Investments, who contributed alongside existing investors such as Dragonfly Capital, Electric Capital, Spartan Group,....
Bitcoin integration is not on the immediate roadmap for blockchain bridge support via MetaMask Bridges, a MetaMask executive said. Blockchain software technology firm ConsenSys continues working on expanding blockchain interoperability by introducing a new tool to the MetaMask wallet.Metamask users can now bridge across multiple blockchain networks using MetaMask Bridges, which aggregates different blockchain bridges in one place, ConsenSys announced on Nov. 9.MetaMask Bridges supports major blockchains compatible with Ethereum Virtual Machine (EVM), including Ethereum, Avalanche, the....