Search
Close
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Menu
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Search
Close
Home Crypto News

Ethereum’s ConsenSys Closes $450M Round And Announces Major Changes To MetaMask

GentrySTACK by GentrySTACK
March 15, 2022
in Crypto News, Ethereum
152
SHARES
1.9k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

RelatedPosts

Lufthansa, Air France-KLM eye Flybe landing slots – report

U.S. President Biden to visit Poland -Polish president’s adviser

Debate Intensifies Over Significance and Implications of Ordinal Inscriptions on Bitcoin Blockchain

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, as the report claims, and saw additional participation from Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures, amongst others.

Non-custodial crypto wallet MetaMask, one of ConsenSys’ most popular products, experienced a 42% increase in its monthly active users in under 4 months. This metric stands at over 30 million and suggests users are still attracted to the DeFi and NFT sectors.

In America, the United States was one of the most active countries. Similarly, Brazil, the Philippines, Germany, and Nigeria occupy this position in their respective regions.

The Ethereum production studio claims the proceeds from this financial round will be used to increase its position in ETH. The company has been a long-term ETH bull and currently uses its funds to produce yield via different DeFi protocols and their staking mechanism.

Additionally, ConsenSys announced the creation of a Decentralized Autonomous Organization (DAO) and the launch of a MetaMask native token. This announcement has generated a mixed response from users.

As Bitcoinist reported, MetaMask received critics after Ethereum infrastructure provider Infura accidentally blocked users from Venezuela. The community began discussing alternative services, less vulnerable to single points of failure.

The creation of a MetaMaskDAO and a governance token seems like measures to address this issue. According to ConsenSys, MetaMask is moving towards a “progressive decentralization”.

Users have already begun discussing incentives, yield farming, the token’s ticker, and potential incentives. The team behind the wallet is yet to provide further details on the governance model and its new token.

Ethereum ConsenSys Under The Spotlight

Joseph Lubin, CEO at ConsenSys, emphasized the company’s capabilities to “capitalize” on different trends, such as DeFi protocols, NFTs, bridges, wallets, tokens launches, and more. In that sense, Lubin added the following on their newest financial round:

This view has resonated with our crypto native and growth investors in a Series D that will enable us to execute powerful growth strategies. This round takes in digital assets as well as fiat and converts immediately to ETH. Next round will be our ‘Series ETH’ where we will assist investors in getting fully crypto native to contribute ETH as a symbol of and commitment to the ongoing paradigm shift.

Lubin added that “a major redesign” for MetaMask, possibly hinting at the new token and DAO, could be deployed sometime in 2022. In addition, MetaMask will deploy new features, and functionalities that will enable it to connect with different blockchain networks and “account security schemes”.

As Bitcoinist reported, ConsenSys recently acquired wallet service provider MyCrypto. This company will be integrated with MetaMask to increase its security and improve its user experience across multiple devices.

Ben Forman, Founder at ParaFi Capital, said the following on their investment in the Ethereum studio and MetaMask as a prominent crypto product:

In particular, MetaMask is the gateway for over 30 million users to access web3 and DeFi applications every month, making it one of the most widely used blockchain products in the world for consumers and businesses.

Related Reading | How Ethereum’s ConsenSys Could Have Secretly Sold Part Of Its Business To JP Morgan

As of press time, ETH trades at $2,631 with a 3.5% profit in the last 24-hours.

Ethereum ETH ETHUSD
ETH moving sideways on the daily chart. Source: ETHUSD Tradingview
Share61Tweet38Send
GentrySTACK

GentrySTACK

Related Posts

Lufthansa, Air France-KLM eye Flybe landing slots – report

February 4, 2023

U.S. President Biden to visit Poland -Polish president’s adviser

February 4, 2023

Debate Intensifies Over Significance and Implications of Ordinal Inscriptions on Bitcoin Blockchain

February 4, 2023

Ukraine’s Zelenskiy says situation at the front getting tougher

February 4, 2023

U.S. pauses activity at three airports for “national security effort” amid questions about Chinese spy balloon

February 4, 2023

Tens of thousands of Israelis protest against justice reform plans

February 4, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest

Is The Ethereum Merge About To Have A Confirmed Delay?

April 15, 2022

Data Leak At Unchained Capital, NYDIG, Swan & BlockFi. At The Same Time

March 21, 2022

Fantom Foundation Responds To Andre Conje’s Departure

March 6, 2022

The Andy Milonakis NFT Show, EP. 20 – Goat Soup’s Dark Night Of The Soul

April 26, 2022

IRA Financial Breach: Hackers Snatch $36 Million From US-Based Fintech Startup

0

Bitcoin Hash Rate Balloons To Record High — Will Price Go Up As Well?

0

Ethical Blockchain: Are Crypto, NFTs And DeFi Bad For The Environment? Here’s Why They’re Not

0

Mexican Billionaire Says It Again: Buy Bitcoin Today — And Thank Him Later?

0

Lufthansa, Air France-KLM eye Flybe landing slots – report

February 4, 2023

U.S. President Biden to visit Poland -Polish president’s adviser

February 4, 2023

Debate Intensifies Over Significance and Implications of Ordinal Inscriptions on Bitcoin Blockchain

February 4, 2023

Ukraine’s Zelenskiy says situation at the front getting tougher

February 4, 2023

Categories

  • Binance (49,831)
  • Bitcoin (93,138)
  • Business News (98,600)
  • Cardoso (41,234)
  • Crypto News (49,079)
  • Dogecoin (41,234)
  • Ethereum (41,610)
  • Market News (86,385)
  • NFT X Metaverse (41,234)
  • Other alt coins (41,280)
  • Others (2)
  • Shiba in (41,234)
  • Technology News (85,811)

Coin Tori is the #1 Crypto and business blog you can always trust to feed you with the necessary infomation.

Facebook Twitter Linkedin Instagram

Categories

  • Business News
  • Crypto News
  • Technology News
  • Bitcoin
  • Binance
  • Cardoso
  • Other Alt Coin
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Shiba in
  • Market News
  • Others

Tool

  • Crypto Table
  • Exchage Rate
  • Currency Converter

All right reserved - Cointori

Designed By Gentry Stack

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read More
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
bitcoin
Bitcoin (BTC) $ 23,430.28 0.27%
ethereum
Ethereum (ETH) $ 1,680.36 1.40%
tether
Tether (USDT) $ 1.00 0.04%
bnb
BNB (BNB) $ 330.14 0.07%
usd-coin
USD Coin (USDC) $ 1.00 0.07%
xrp
XRP (XRP) $ 0.416251 1.35%
binance-usd
Binance USD (BUSD) $ 1.00 0.02%
cardano
Cardano (ADA) $ 0.404091 0.28%
dogecoin
Dogecoin (DOGE) $ 0.097557 6.28%
matic-network
Polygon (MATIC) $ 1.27 4.06%
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News
Menu
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News