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ConsenSys raises US$200M as MetaMask surpasses 21M monthly active users

Ethereum blockchain software company ConsenSys today announced the completion of a US$200 million funding round, bringing the company’s valuation to US$3.2 billion as it seeks to spearhead the growth of Web 3.0.

ConsenSys’ announcement comes as the number of monthly active users of its MetaMask non-custodial wallet product exceeded 21 million — a 38-fold increase from 2020 — alongside the explosive growth of the Ethereum ecosystem from decentralized finance (DeFi), stablecoins and non-fungible tokens (NFTs). MetaMask, which is a mobile app and browser extension, allows users to manage their own private keys without the need for a third party or custodian.

Investors in the round comprised traditional and crypto firms including investment firms Marshall Wace and Third Point, Singapore-based DeFi-focused venture fund DeFiance Capital, Hong Kong-based blockchain gaming unicorn Animoca Brands and HSBC.

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