The company's most popular products include the MetaMask cryptocurrency wallet and Infura, a suite of tools that helps developers create Ethereum apps.
MetaMask allows people to store and manage their tokens through a web browser extension or a mobile app. People can also access popular blockchain-powered apps like Uniswap and Axie Infinity. The bulk of ConsenSys' revenues currently comes from fees for trading different tokens on MetaMask.What Biden's executive order means for crypto, and what's really driving the bitcoin price
MetaMask topped 30 million monthly active users in January, ConsenSys said, up 42% in the last four months. The U.S., Philippines, Brazil, Germany and Nigeria are its most active markets. Infura, meanwhile, is used by over 430,000 developers and recently topped $1 trillion in annualized transaction volumes.
ConsenSys said all the proceeds from its latest round would be converted into ether. The funds will go toward hiring 600 more employees, a redesign of MetaMask slated for release later this year, and building out ConsenSys' growing NFT business.Just as Web3 has generated a lot of hype, it's also drawn some notable critics, including tech billionaires
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