Consensys plans to redesign Metamask and hiring 600 new employees
Consensys plans to redesign Metamask and hiring 600 new employees
- Metamask put 30 million monthly active users in the shade in January
- The proceeds from the round, led by Parafi Capital, are converted into ether
Consensys has raised $ 450 million-which the company rates at $ 7 billion-because it now tries to get more talents on board and to further accelerate the introduction of Web3.
The financing round of Series D of the Blockchain infrastructure company follows a capital increase of $ 200 million in November, which Consensys rated $ 3.2 billion.
his main product, Metamask, exceeded 30 million active users per month in January - an increase of 42 % in the fourth month.
A comprehensive redesign of Metamask is planned for later this year. Consensys also plans to introduce a plug-in forwardness system to enable integration with various blockchain protocols and account security schemes.
Johnna Powell, global co-manager of Consensys NFTS, said Blockworks last month that the company endeavors to bring the next tens of million users in Metamask via NFTS (non-fungable tokens). It also examines conservation, fractionation, swap, borrowing and lending in this segment.
Parafi Capital led the latest fundraiser. Participants of the series C round, who again invested in Consensys, were Third Point, Marshall Wace, True Capital Management and the Venture Fund of the United Talent Agency. The new investors included Temasek, Softbank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures and C Ventures.
"As a long -time main user of the Products and Services of Consensys, Parafi is pleased to be an investor and thinking partner, since the company continues to operate at the head of the decentralized infrastructure," said Ben Forman, founder of Parafi Capital.
The proceeds from the round are converted into ether in order to compensate for the ratio of ETH to US dollar equivalent in harmony with the treasury strategy of Consensys, according to the company.
"The next round will be our 'Series ETH', in which we investors will support you to become completely crypto-native in order to contribute ETH as a symbol and commitment to the ongoing paradigm shift," said Joseph Lubin, founder of Consensys, in an explanation.
The financing is also used to hire more than 600 new employees, the company said. With almost 700 full -time employees Consensys plans to have more than 1,000 by the end of 2022.
A spokesman for Consensys found in February that almost half of the 366 new settings of Consensys have come from the Web2 ecosystem in the past six months, while about a third of another industry came to the company.
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The contribution Consensys plans to redesign Metamask and hiring 600 new employees is not a financial advice.