According to ConsenSys, its mission is to unlock the collaborative power of communities by making Web 3.0 universally easy to use, access, and build on.
The company is the developer of MetaMask, a fast-growing gateway to decentralized finance (DeFi) programs.
MetaMask which is projected to bring in some $1 billion in revenue within the upcoming 12 months is described as the primary way, approximately 21 million monthly active users, interacts with about 3,700 unique Web3 applications.
This is a 38x increase from 2020.
Speaking about MetaMask growth, CEO, ConsenSys, Joseph Lubin, said:
“MetaMask is the primary way a global user base of approximately 21 million monthly active users – a 38x increase from 2020 – interacts with a universe of approximately 3,700 unique Web3 applications.“
– CEO, ConsenSys
ConsenSys is also behind Infura, a software as a service (Saas) firm that provides APIs that developers use to connect their dApps to the web 3.0.
According to investors, ConsenSys latest round is intended to fuel its growth into the Asian market.