ConsenSys doubles its value after a successful $450 million funding round. Proceeds will be invested in ETH, earning yields, and supporting MetaMask’s expansion.
. The proceeds will also support the expansion of MetaMask, with a major redesign scheduled for release later in 2022 and the roll-out of a plug-in extensibility system that will allow integration with a wide variety of blockchain protocols and account security schemes.
Back in January, MetaMask surpassed 30 million monthly active users, representing an increase of 42% in four months. With the wallet, users can mint and collect nonfungible tokens, join , and participate in DeFi protocols. Meanwhile, more than 430,000 developers are using the Ethereum development platform Infura. Its Ethereum API now supports more than $1 trillion in annualized on-chain ETH transaction volume.“I think of ConsenSys as a broad and deep capabilities machine for the decentralized protocols ecosystem, able to rapidly capitalize at scale on fundamental new constructs that emerge. [...
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