ConsenSys, a blockchain startup, recently raised $450M in funding led by ParaFi Capital, with additional participation from Microsoft, SoftBank, and Temasek. The funding doubles the company’s previous valuation; ConsenSys is now valued at $7B. This new round and valuation come at a time when tech giants are increasingly interested in Web3. Web3 focuses on utilizing blockchain technology to de-platform the internet.
Microsoft Dives into Web3 with Investment in Ethereum Co-Founder’s Start-Up ConsenSys