ConsenSys – Wikipedia

ConsenSys is a blockchain software technology company founded by Joseph Lubin with headquarters in Brooklyn, New York and extra United States offices in Washington, D.C. and San Francisco .

company [edit ]

Joseph Lubin founded ConsenSys in early 2015 as a software foundry to develop decentralized software services and applications that operate on the Ethereum blockchain. [ 2 ] [ 3 ] On October 31, 2018, ConsenSys acquired Planetary Resources, an asteroid mining company. [ 4 ] In December 2018, ConsenSys announced a restructure with visualize layoffs of thirteen percentage of its 1,200 staff, [ 5 ] [ 6 ] in February 2020 announced the layoffs of a further 14 % of staff. [ 7 ] In August 2020, ConsenSys acquired Quorum from JPMorgan Chase & Co. fiscal terms of the deal were not disclosed. [ 8 ] In November 2021 ConsenSys raised $ 200 million at $ 3.2 billion evaluation from Animoca Brands, Coinbase Ventures and HSBC among others. [ 9 ]

Projects [edit ]

ConsenSys is involved in many different projects and services for blockchain uses and applications. MetaMask is an Ethereum wallet application which allows users to store and transfer cryptocurrencies and tokens, vitamin a well as access and interact with decentralized applications built on the Ethereum blockchain. The software is free to use on desktop as a browser propagation or through its fluid app. [ 10 ]

Infura is a blockchain node infrastructure service that allows apps and developers to get data from, and broadcast transactions to, the Ethereum blockchain. Infura ‘s network is utilized as a backend for Ethereum services and applications, including MetaMask and many others not associated with ConsenSys. [ 11 ] [ 12 ] The company has started or invested in respective different projects that are not considered to be core to their business, have been spun out into more autonomous entities, or are not wholly owned by ConsenSys. [ 5 ] [ 6 ] Some of these include Meridio, a platform used to create, manage, and trade fractional-share possession in real estate of the realm assets, and Gnosis, a blockchain-based predictions marketplace. [ 5 ] [ 13 ] [ 14 ]

ICOs [edit ]

several ConsenSys companies and projects have raised capital from the public in the form of initial mint offerings ( ICOs ). Gnosis, a ConsenSys-backed prediction market project sold GNO tokens to the populace in an ICO in April 2017. The company raised $ 12.5 million at $ 300 million evaluation, completing its ICO in under 12 minutes. The valuation was criticized by respective outstanding members of the community. [ citation needed ] Grid+, a ConsenSys caller in the electricity distribution recess sold GRID tokens to the public in an ICO in September 2017. The company raised $ 29 million in the populace token sale. [ 15 ] [ 16 ] Civil Media, a ConsenSys-backed caller that claims to use cryptocurrency to save journalism sold CVL tokens to the public in an ICO in October 2018. Civil was able to raise $ 1.8 million, less than the $ 8 million soft cap. [ 17 ] It was late revealed that ConsenSys was the largest buyer of CVL tokens, buying 80 % of the CVL tokens that went on sale. [ 18 ]

References [edit ]

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