ConsenSys valuation more than doubles to over US$7 billion after latest funding

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Blockchain technology firm ConsenSys said on Tuesday its valuation had more than doubled to over $7 billion after its latest funding round that included investments from SoftBank Vision Fund 2 and Microsoft. ConsenSys, founded by Joseph Lubin, is an Ethereum blockchain firm whose products help developers,

Blockchain technology firm ConsenSys said on Tuesday its valuation had more than doubled to over $7 billion after its latest funding round that included investments from SoftBank Vision Fund 2 and Microsoft.

"Web3" is used to describe a potential next phase of the internet: a decentralized web run on the record-keeping technology blockchain. Investors in the new round led by ParaFi Capital also included Singapore's Temasek, Anthos Capital, Sound Ventures and C Ventures.

Source: Digital Coin News (digitalcoinnews.net)

 

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