Home News ConsenSys raised $200M at a valuation of $3.2B

ConsenSys raised $200M at a valuation of $3.2B

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ConsenSys, a company specializing in solutions for the Ethereum (ETH) ecosystem, has closed a $200 million funding round. Investors including Third Point, HSBC, Marshall Wace and Coinbase Ventures valued it at $3.2 billion.

Thus, the company will direct the raised funds to the development of the Infura infrastructure platform and the MetaMask non-custodial wallet, as well as the expansion of the staff.

Furthermore, more than 350,000 developers using Infura. Their number has increased by 250% in a year. The solution is popular in the decentralized finance (DeFi) sector. A decentralized exchange (DEX) Uniswap and the MakerDAO protocol are built on the basis of the platform. The creators of non-fungible token (NFT) projects like Art Blocks and Sorare also use it.

The number of active users exceeded 21M

The number of active users of MetaMask, which is also based on Infura, has grown 36 times over the past year and exceeded 21 million.

In October 2020, ConsenSys added a DEX aggregator function to the wallet, which allowed exchanging tokens directly in the application. Later in December of the same year, the company released an institutional version of the product.

“The pace of implementation is so high that since the conclusion of the summer deal, some of our core KPIs have more than doubled,” said the head of the company, Joseph Lubin. MetaMask charges 0.875% on every transaction made through its plugin. This is significantly higher than the commissions of other decentralized platforms like SushiSwap and Curve.

Crypto phishing scam

Recall that previously in November, MetaMask and Phantom wallet users targeted in crypto phishing scam. Therefore, the attackers forged the popular MetaMask and Phantom wallets and used Google ads to spread phishing links.

The design of the fraudulent pages is similar to that of the official wallet website. But the applications installed from them are used to steal cryptocurrency. Users complained on Reddit and Twitter about hack, after clicking on links that led to a phishing wallet website.

The Phantom and MetaMask wallets are the most popular wallets for Solana and Ethereum ecosystems, providing investors with a simple and secure way to interact with the ecosystem’s multiple blockchain networks.

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