ConsenSys Raises $450 Million in New Funding Round and Announces Plans to Redesign MetaMask

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ConsenSys Raises $450 Million in New Funding Round and Announces Plans to Redesign MetaMask By Angel Di Matteo @shadowargel

With the new collection, ConsenSys plans to hire a group of 600 people in the coming months, who will focus on the redesign of MetaMask and other products sponsored by the company.


The company that develops products and services for the network of Ethereum, ConsenSys, It recently closed a new round of financing in which it raised some USD $450 million, with which its global value is over USD $7,000 million, making it one of the best-quoted companies of its kind in the ecosystem.

ConsenSys raises USD $450 million in new round of financing

The collection took place at the closing of the company’s Series D financing round, which raised the aforementioned USD $450 million, being led by ParaFi Capital and with the participation of Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures.

In relation to the results of the collection, the founder of ParaFi Capital, Ben Forman commented:

“As a long-time power user of ConsenSys products and services, ParaFi is delighted to be an investor and thought partner as the company continues to operate at the forefront of decentralized infrastructure.”

For his part, the CEO of ConsenSys, Joseph Lubin positively described the results obtained and indicated that they are already preparing for the next round, adding:

“The next round will be our ‘ETH Series,’ where we will help investors become fully crypto-native users to contribute ETH…it is our commitment to the ongoing paradigm shift.”

big plans for MetaMask

However, the most important among the plans contemplated by ConsenSys is related to MetaMask, the popular wallet for web browsers, currently handling over 30 million monthly active users.

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With respect to MetaMask, The first plan is to allocate part of the financing collected to hire around 600 new employees, with which the workforce would be about to rise to around 700 people. Let us bear in mind that ConsenSys He has among his plans to increase the number of members who work in his team to 1,000.

Regarding the functional aspects, ConsenSys I’d be planning a complete redesign of MetaMask, which is scheduled for later this year. This includes the addition of a plugin extensibility system, which would allow integration with various networks. blockchain and it would also incorporate a new security scheme for associated accounts.

The idea with the hiring is to reinforce the Web3.0 functions for its main product, so it is expected that MetaMask best suits the needs of the broad user base it handles throughout the world.

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Source: Cointelegraph, Blockworks

Angel Di Matteo version / DailyBitcoin

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WARNING: This is an informative article. DiarioBitcoin is a means of communication, it does not promote, endorse or recommend any investment in particular. It is worth noting that investments in crypto assets are not regulated in some countries. May not be suitable for retail investors as the full amount invested could be lost. Check the laws of your country before investing.

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