Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
moomoo Singapore 1st Anniversary Giveaway
Views 179K Contents 297

Microsoft enters the Web3 space by investing in Ethereum co-founder's start-up

Microsoft enters the Web3 space by investing in Ethereum co-founder's start-up
Blockchain start-up ConsenSys has raised $450 million, bringing its valuation to $7 billion.

Blockchain start-up ConsenSys has raised $450 million, bringing its valuation to $7 billion. ParaFi Capital led the investment, ConsenSys said Tuesday, also including $Microsoft(MSFT.US)$, Japan's Softbank, and Singapore's Temasek as new investors in the company.
ConsenSys, based in New York, was founded in 2014 by Joseph Lubin, a co-founder of Ethereum. Ethereum is the blockchain platform behind Ether, the second-biggest cryptocurrency globally.

Web3 is a loosely-defined term that refers to efforts to create a decentralized version of the internet based on blockchain technology. According to CB Insights data, Blockchain start-ups raised a record $25 billion in venture capital funding globally last year, eg.: <The Silicon Valley venture capital firm led a $450 million investment in Polygon, a blockchain network>.

What do you think about blockchain and Web3? Leave ur lovely comments here. If you want to know more, keep following our moments. Thanks for your support!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
1
17
+0
2
Translate
Report
75K Views
Comment
Sign in to post a comment
1795Followers
16Following
3095Visitors
Follow