Joseph Lubin News

The community around the popular decentralized exchange (DEX) Uniswap has voted overwhelmingly in favor of a deployment on BNB Chain.

ConsenSys, the parent company behind MetaMask, is letting go of 11% of its workforce, with CEO Joseph Lubin blaming “uncertain market conditions” brought on by recent collapses.

Last year, it hit a $7 billion valuation on a $450 million funding round joined by the likes of Microsoft and Temasek. The funding had been earmarked for 600 hires.However, in a letter posted on the company's site, CEO Joseph Lubin says that the web3 industry has been hit by the sector's bear market and the macroeconomic environment.

It was not the ideal time for a celebration of the cryptocurrency industry. But the hall was booked, the guests had arrived, and so the show went on.

Months after the Ethereum Merge, where the network shifted to the more eco-friendly proof-of-stake (PoS) consensus, the Ethereum community is now shifting its focus to redress the network’s former proof-of-work (PoW) carbon emissions since its launch. 

In response to the most complex upgrade to occur to Ethereum up to now, infrastructure provider Infura is developing a decentralized version of its service that provides scalable Ethereum infrastructure and Web3 developer application programing interfaces (APIs). The company is controlled by Joseph Lubin, the blockchain’s co-founder and the founder of blockchain software company ConsenSys.

On Monday, W3BCloud, a firm building global data centers for the Web3 and blockchain sectors, announced that it was going public via a takeover by special purpose acquisition vehicle (SPAC) Social Leverage Acquisition Corp I. ‍

Neal Stephenson, the author who coined the term “Metaverse” 30 years ago is launching a Metaverse-focused blockchain project called LAMINA1.

ConsenSys has been a leading developer of decentralized software services and applications that operate on the Ethereum blockchain. Founded in early 2015, the Brooklyn-based company has been involved with MetaMask, an Ethereum wallet application that allows users to store and transfer cryptocurrencies and tokens. The company has been raising funds. Most recently it raised $450 million through its Series D funding bringing ConsenSys valuation at over $7 billion.

In 2017, Decentralised Finance, or DeFi, was not yet a buzzword in India, and cryptocurrencies were being viewed suspiciously as the country's regulators were mulling if they should be banned or okayed, even as Bitcoin rallied.

ConsenSys' valuation more than doubled to over $7 billion after its latest funding

Popular non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC) and Ethereum (ETH) wallet MetaMask have confirmed their respective plans for tokens and decentralized autonomous organizations (DAOs) in a bid to reward some early adopters.

ConsenSys, founded by Joseph Lubin, is an Ethereum blockchain firm.

ConsenSys, blockchain software technology player, has raised $450 million in its Series D funding round at valuation of $7 billion. The raised funds will be converted into Ethereum (ETH), the company said. The fundraising was led by ParaFi Capital, who took part in the previous fundraising too. It was joined by new investors, including Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures. Other Series C investors, including Third Point, Marshall Wace, True Capital Management, and UTA VC, United Talent Agency’s venture fund also participated in this round.

ConsenSys has been at the centre of the Web3 revolution, setting itself the task of unlocking the "collaborative power of communities by making DAOs, NFTs, and DeFi universally easy to use, access, and build on".Its main way of doing this is its MetaMask self-custodial wallet, which lets 30 million monthly active users hold and manage digital tokens, and connect with 3700 Web3 applications - including NFT marketplaces, play-to-earn games, decentralised autonomous organisations, DeFi applications, and metaverse worlds.The $450 million raise will all be converted to ether to further build ConsenSys’ 'ultra sound money' position.The funds will be used to hire 600 more employees, support a major MetaMask redesign later in the year, and grow the ConsenSys NFT business.Joseph Lubin, CEO, ConsenSys, says: "I think of ConsenSys as a broad and deep capabilities machine for the decentralized protocols ecosystem, able to rapidly capitalize at scale on fundamental new constructs that emerge, such as developer tooling, wallets, security audits, DeFi, NFTs, Layer-2 scaling, DAOs, and more."

On Tuesday, ConsenSys, the leading Ethereum and decentralized protocols software company with product suites such as MetaMask, Infura and Truffle, announced the close of a $450-million Series D funding round led by ParaFi Capital. Notable new investors included Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures and C Ventures. The deal more than doubles its valuation since the firm’s $200-million Series C raise in November 2021. 

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Prestigious Princeton University has launched an initiative to study the "decentralization of societal power" through blockchain technology in an effort to explore the vast depths of it’s social capabilities.

A group claiming to represent 35 former ConsenSys AG (CAG) employees has requested an audit under the Swiss Code of Obligations to investigate “serious irregularities” they allege occurred at the company during mid-2020.

The Cointelegraph Top 100 continues to bring you the most influential, analytical and artistic people who shaped the crypto industry in 2021. While 2022 has been a rough ride so far, last year had enough ups and downs to prepare a Top 100 list that also portrays the crypto and blockchain landscape of one year in history.

As the ETHDenver developer conference gets underway, the incubator ConsenSys Mesh told Cointelegraph that it's planning a Friday announcement regarding a new addition to its portfolio.