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TREND May 2023

ConsenSys: Forging the Decentralized Future with Blockchain Innovation

ConsenSys is a vibrant and creative blockchain software technology company headquartered in bustling New York City. Founded by visionary Joseph Lubin in early 2015, ConsenSys has become a driving force in the world of decentralized applications and services based on the Ethereum blockchain.

Imagine a group of talented developers and innovative thinkers coming together in a software foundry, where they forge exciting new solutions for the decentralized future. ConsenSys is just that: a melting pot of brilliant minds working closely together to develop revolutionary blockchain technology.

Throughout its history, ConsenSys has demonstrated its dedication to the growth and advancement of blockchain technology. In October 2018, the company made a bold move and acquired Planetary Resources, a company specializing in asteroid mining. This strategic move demonstrated the vision and willingness to explore new horizons and applications for blockchain technology beyond Earth.

On their path to growth and evolution, ConsenSys has also faced challenges and made difficult decisions. In December 2018, they announced a restructuring that included downsizing, but that didn't stop them. They continued to move forward with renewed passion and unwavering determination.

The company has continued to expand its reach and influence in the blockchain space. In August 2020, ConsenSys surprised by acquiring JPMorgan Chase & Co.'s Quorum blockchain banking platform, demonstrating its ability to collaborate with financial leaders and establish new synergies in the world of decentralized finance.

ConsenSys' story is one of steady growth and attracting investment. In November 2021, the company raised an impressive $200 million in a funding round led by prominent investors such as Animoca Brands, Coinbase Ventures and HSBC. This fundraising demonstrated the confidence that major market players have in ConsenSys' vision and potential.

And the story continues in March 2022, when ConsenSys secured another round of funding, this time led by ParaFi Capital, with participation from tech giants such as Microsoft, SoftBank and Temasek. With these new investors on board, ConsenSys is poised to unleash even more innovation and lead the way to a decentralized future.

In a nutshell, ConsenSys is a New York-based blockchain software technology company founded by Joseph Lubin. Its history is marked by the acquisition of Planetary Resources, internal restructuring, the acquisition of Quorum and several successful rounds of funding. With its bold approach and dedication to blockchain technology, ConsenSys continues to forge the path to a decentralized and revolutionary future.

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