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Consensys, founded in 2014 and headquartered in Brooklyn, New York, is a leading blockchain and web3 software company specializing in decentralized web technologies. The company offers a suite of products including MetaMask, a self-custodial wallet with over 30 million monthly active users, and Infura, which provides blockchain infrastructure services to over 400,000 developers.
As a key player in the blockchain industry, Consensys has made significant strides in recent years. The company's flagship product, MetaMask, has seen impressive growth, with monthly active users increasing by 55% between September 2023 and January 2024. Consensys has also launched Linea, a zkEVM ecosystem that has processed over 43 million transactions and saved users more than $380 million in gas fees.
While there have been no official announcements regarding Consensys' IPO plans, the company has attracted significant investment from notable backers. In March 2022, Consensys raised $450 million in a Series D funding round, valuing the company at $7 billion. This round included investments from major players such as Microsoft, SoftBank Investment Advisers, and ParaFi Capital.
The global blockchain technology market, valued at $17.6 billion in 2023, is projected to grow to $825.9 billion by 2032, according to Fortune Business Insights. This rapid market expansion, coupled with Consensys' strong position in the industry, could potentially influence the company's future financial decisions. However, as with any private company, the timing and likelihood of an IPO remain uncertain and subject to various factors, including market conditions and the company's strategic objectives.
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While Consensys's IPO prospects remain uncertain, investors eager to gain exposure to blockchain infrastructure companies don't have to wait. At Linqto, we offer members access to interests in promising pre-IPO companies, including potential leaders in the blockchain and Web3 space. Our platform allows you to diversify your portfolio with lower minimum investments in emerging industry pioneers like Consensys, potentially benefiting from their growth before they go public.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
