ConsenSys, which develops software for the Ethereum blockchain, earned a total market valuation of $ 7 billion in the new investment round.
According to the statement made by ConsenSys, investors such as ParaFi Capital, Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, C Ventures contributed to the company's new D Series investment tour of 450 million dollars. Additionally, investments were received from Third Point, Marshall Wace, TRUE Capital Management and UTA VC, which have also invested in the company in the past.
The company announced that the 450 million dollars worth of funding it received will be converted into ETH. The company will then use the money to further the development of its digital wallet MetaMask and Infura.
In the statement made by ConsenSys, it was also emphasized that the monthly active users of MetaMask exceeded 30 million.
Joseph Lubin, CEO of ConsenSys, announced that they will call the next investment round they will organize as a company, the “ETH Series”, and that they aim to receive direct investments in ETH from investors in this series.
Transaction fees on Bitcoin and Ethereum networks hit their lowest level in months
With transaction fees on Bitcoin (BTC) and Ethereum (ETH) networks reaching their lowest level in recent months, users are able to transact on these networks more and more cheaply. Bitcoin and Ethereum have dropped nearly 90% in transaction fees over the past few months, according to information provided by CryptoRank. Artificial intelligence cryptocurrency market analysis platform CryptoRank, in its data released on March 15, reported that transaction fees on Ethereum were $ 8.20 at the time of writing, while BTC transaction fees were $ 1.56. With the decrease in transaction fees on these two Blockchains, there may be an increase in the trading of these two cryptocurrencies, according to experts, and in addition, users can use these two cryptocurrencies for coin transfers instead of using other altcoins.