ConsenSys announces layer-two NFT platform, Palm, to compete with Flow
The Ethereum ecosystem and some outside power players are banding together to give Flow a run for its money. With a possible billion-dollar nonfungible token drop and a high-powered, multiproject collaboration in the works, the Ethereum ecosystem may finally be ready to compete with NFT-centric blockchain Flow. In a press release today, Ethereum software developer ConsenSys announced Palm, an environmentally friendly NFT scaling solution. Palm will be a sidechain designed to be “fully connected” to Ethereum, sporting faster settlement times, lower fees and an especially light carbon....
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M12 adds early-stage Palm NFT Studio to its portfolio with participation from venture firm Griffin Gaming Partners. Crypto startup Palm NFT Studio announced a Series B raise of $27 million on Thursday led by Microsoft’s venture fund M12. Palm NFT, cofounded by ConsenSys founder and Ethereum cofounder Joseph Lubin, provides strategic and technical services for creators to build NFT marketplaces. Other major backers include Griffin Gaming Partners, RRE, Third Kind Venture Capital, Sfermion, the LAO, Warner Bros., and SK Inc.According to the statement issued on their company blog, the raise....
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, […]
A private version of Klaytn is in being developed in order to take part in South Korea's CBDC pilot, to be launched later this year. Ethereum software company ConsenSys has formed a technical partnership with Kakao’s Klaytn blockchain, with a view to developing a private platform for the issuance of a South Korean CBDC. Klaytn is a public blockchain developed by Ground X, a blockchain affiliate of the South Korean internet company Kakao. Best known for its Kakao Talk mobile messaging app, Kakao has since branched out into the shopping and travel industries, among others. In 2019 the....
The Ethereum software firm Consensys has announced the incubator has raised $450 million in a Series D funding round led by Parafi Capital. The latest financing brings the company’s valuation to over $7 billion, following the $200 million Series C raise Consensys secured last November.
Consensys Raises $450 Million, Proceeds From the Round Will Be Converted to Ether
The Ethereum software and incubator firm Consensys has revealed it closed a $450 million Series D led by the venture capital firm Parafi Capital. The financing round also saw participation from Third Point,....
ConsenSys is adding dapp development platform Truffle Suite back to its lineup of wholly-owned Ethereum tools.