Home Ethereum Ethereum’s co-founder snags $65m to help modernize financial infrastructure

Ethereum’s co-founder snags $65m to help modernize financial infrastructure

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Blockchain studio ConsenSys closed a $65m spherical of funding this week. Whereas the funding is sizable, the buyers are the actual prize.

Main the spherical are banking heavyweights UBS and JPMorgan Chase. The latter beforehand offered its enterprise blockchain tech Quorum to ConsenSys in a deal final August — now, they personal a lil’ little bit of ConsenSys. AKA the full-circle again scratch is full.

To not be outshined by its banking massive bros…

… Mastercard is getting in on the motion, too

MC ponied up money within the funding spherical and inked a partnership take care of ConsenSys to develop enterprise blockchain purposes.

The funding and partnership announcement comes on the heels of a normal legitimization of blockchain know-how amongst funding circles — *cough* Coinbase IPO *cough*.

The wrinkle is ConsenSys dabbles in Ethereum

AKA ETH, the No. 2 cryptocurrency behind Bitcoin.

Based by Ethereum co-founder Joseph Lubin, ConsenSys’ work has centered round 2 Ethereum-based blockchain applied sciences: NFTs and DeFi, or decentralized finance.

Notably, ConsenSys is the crew behind MetaMask, a preferred browser extension for interacting with NFTs and Ethereum wallets. In case you had been dropping dimes on CryptoPunks final month, you most likely used it.

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