“The Ethereum company”: Consensys plans IPO

  • MetaMask's parent company is planning an initial public offering (IPO), Axios reported on Wednesday. Both JPMorgan and Goldman Sachs have reportedly been appointed to advise the company, which calls itself “the Ethereum company,” on its planned IPO.
  • Last month, Joseph Lubin, co-founder of Ethereum and CEO of Consensys, stated that MetaMask would launch its MASK token in the near future.
  • Consensys, like Circle and others, intends to capitalize on the currently favorable market conditions. Some in the crypto industry criticize the combination of a token launch and IPO as “maximum extraction.” The problem lies in conflicts of interest between shareholders and token investors.
  • MetaMask also recently announced the introduction of perpetual futures trading and a new rewards system. Furthermore, the wallet provider hinted at an upcoming integration of prediction markets.
  • Consensys is a crypto software company founded in 2014 by Ethereum co-founder Joseph Lubin, focusing on the development of tools, infrastructure and applications for the Ethereum network.
  • In addition to MetaMask, Consensys has also supported the development of the node infrastructure service Infura and the Layer 2 network Linea. Furthermore, the company is a financial backer of the ETH treasury firm SharpLink.
  • The crypto market is experiencing a recovery rally following the agreement between Xi Jinping and Donald Trump and the US interest rate decision. Analysts expect the recently volatile markets to recover due to the increased planning certainty.
  • If you want to buy Ethereum or other cryptocurrencies, you can do so at Coinbase, among other places. Currently, you'll receive €30 in Bitcoin as a gift when you buy cryptocurrencies worth at least €30.

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source

  • Axios Report


Eine Quelle: btc-echo.de

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