Ethereum-based software boutique Consensus, aims to get an appraisal that could reach আস 3 billion in its upcoming funding round. To achieve this important milestone the company will take advantage of the ish climate that the industry is facing at the moment. Also, Consensus Music is flexing its financial muscles by acquiring the developer Trem of the NFT service Eulerbeats.
Consensus’s goal is to evaluate billion + in the next funding round
Consensus, one of the leading software providers in the Ethereum ecosystem, is reportedly aiming to achieve an assessment that could reach 3 3 billion in its upcoming funding round, according to data released by FT. Led by Etherium OG Joseph Lubin, the company will aim to achieve its position in the ecosystem and brewing bull market to achieve breakthrough goals.
Consensus offers several iconic software in the Ethereum ecosystem, creating Infura, a service that simplifies the development and installation of Ethereum-based apps. Metamask, a ubiquitous Diffie Wallet that the company also created, is used by more than 10 million active users every month.
Down and up again
But Consensus has not always enjoyed the priority that investors are giving. The company had to lay off some of its employees during the recession last year. However, the rise of the decentralized financial sector and the interest of various heavily influential institutional partners in the future of Etherium have re-emerged Consensus as one of the most important software boutiques in the ecosystem.
The latest fundraiser took place in April, when the company raised million 5 million from key companies such as JPMorgan, Mastercard, UBS AG, Protocol Labs, the Maker Foundation, Fenbushi, The LAO and Alameda Research. At the time, the company said the funds would be used to “accelerate the integration of decentralized money (DFI) and Web3 applications in Ethereum with enterprise blockchain infrastructure.”
However, Consensus is now flexing its economic muscles, as it announced today that it has acquired and consolidated an unknown amount of tremors. The acquisition of Trem, the developers of Eulerbeats (an Ethereum-based project of algorithmically generated art and audio tracks), will give the company a new focus on the NFT market, which grew at this time last year.
What do you think about the latest funding round of the Consensus and its recent acquisition of Trem? Tell us in the comments section below.
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