ConsenSys is creating 400 jobs across its global locations as part of its bid to make blockchain and decentralised finance mainstream.
US software company ConsenSys has said it plans to create 400 jobs across its global locations, including several positions to be based at its Dublin office.
The company is a major player on the Web3 scene, which is a version of the internet that is decentralised and based on public blockchains. It gained popularity over the past year thanks to its use by cryptocurrency enthusiasts.
Most of the Dublin jobs will be focused on the continuing development of ConsenSys’ blockchain technology suite, including its decentralised finance platform Codefi. Earlier this year, it announced the creation of 50 new jobs, most of which were open to Dublin-based workers to apply.
The multinational recently closed a $200m financing round, bringing its total valuation to $3.2bn. It plans to pump its latest funds into making the decentralised public blockchains that Web3 relies on universally easy to use, access, and build on.
Joseph Lubin, founder and CEO of ConsenSys commented on the company’s expansion news, “The age of silos and trusted third parties is giving way to the age of community and collaboration enabled by an automated, objective, trust foundation and a decentralised finance ecosystem. The paradigm shift to a world running on decentralised protocols is in full gear.”
“We are honoured to partner with some of the top financial and strategic investors from both traditional and next generation economies to accelerate the realisation of Web3,” he added.
The company’s funding round saw contributions from new investors Marshall Wace, Third Point, ParaFi Capital, and Think Investments. New partners including Dragonfly Capital, Electric Capital, Spartan Group, DeFiance Capital, Animoca Brands, Coinbase Ventures and HSBC also contributed.
The company also has a crypto-wallet product called MetaMask, which is growing in popularity. The platform acts as a digital authority manager for Web3, only permitting websites and apps to access data that a user consents to. MetaMask has a user base of around 21m which is an increase of around 38pc from 2020.
ConsenSys is also ramping up its efforts to break into the NFT (non-fungible token) scene to cater to artists, content creators, brands, rights owners, game publishers and leagues.
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