Microsoft and SoftBank invest in US blockchain company ConsenSys Web 3 leading company attracting attention as the next Internet trend It is reported that Microsoft (MS) has invested in US block chain startup ConsenSys. Kensensys is considered as a representative company in the Web 3 field, which is attracting attention as the next Internet trend. Joseph Rubin, CEO of ConsenSys. (Photo = AFP) According to US economic media CNBC on the 15th (local time), ConsenSys recently attracted a new investment of 450 million dollars (about 556.6 billion won). With this investment, the companys value more than doubled to $7 billion (about 8.66 trillion won). This investment fund was led by Parafai Capital, a blockchain-specialized investment company, and Microsoft, Softbank, and Singapores sovereign wealth fund Temasek participated. The investment amount for each company was not disclosed. ConsenSys is a company founded in 2014 by Joseph Rubin, co-founder of the blockchain platform Ethereum. Ethereum is the basis of the cryptocurrency of the same name. ConsenSys creates software that runs on the Ethereum network. Consensys�� cryptocurrency wallet ��Metamask�� has become an essential service for using decentralized applications such as dapps, decentralized finance (DeFi) and non-fungible tokens (NFTs). The Ethereum development tool ��Infura�� is also a popular service of ConsenSys. ConsenSys plans to convert the raised investment into Ethereum and use it to build a new version of Metamask and NFT business, which will be released at the end of this year. It is evaluated that it is unusual for Microsoft to invest in the cryptocurrency field. This shows that the worlds largest information technology (IT) companies are increasingly interested in Web3, a decentralized internet based on blockchain technology, CNBC reported. Facebooks parent company Metawa and Twitter are also showing interest in Web3.
