Hiring & expansion key focus; Metaverse potential underutilized: ConsenSys

economictimes.indiatimes.com:

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.

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In an exclusive interview with Etmarkets.com, Joseph Lubin, Founder and CEO, ConsenSys, said that the funding will be utilized for two major purposes- expansion of MetaMask and hiring right skilled talent across the globe. «Funding is supporting the rapid expansion of MetaMask with a major redesign scheduled for release later in 2022, as well as the roll out of a plug-in extensibility system that will allow integration with a wide variety of blockchain protocols and account security schemes,» he added. ConsenSys is also aiming to accelerate global adoption of Infura’s development tool and drive NFT adoption for artists, content creators, brands, intellectual property owners, game publishers, and sports leagues. «Hiring is also a high priority,» Lubin said. «We are recruiting talents all over the world, including in India. Only in March 2022, we hired 70 new talents bringing ConsenSys employees number to 776.» ConsenSys is among the players, which are voting for regulatory clarity to protect consumers and bolster the marketplace integrity while also creating a vibrant ecosystem where innovation can thrive. The current environment is serving the goals, but is a poor fit for a disintermediated