ConsenSys Publicizes Acquisition of Treum

Photograph: Finance Magnates

ConsenSys, a number one blockchain firm, just lately introduced that it has acquired the Treum crew and its NFT platform from Mesh, a Web3 incubator. The monetary particulars of the acquisition weren’t disclosed.

In an official announcement, ConsenSys talked about that the acquisition of Treum will facilitate the enlargement of its NFT know-how providing for creators, manufacturers, sport publishers, sports activities groups, and leagues.

Within the newest press launch, ConsenSys highlighted the rising reputation of Non-Fungible Tokens (NFTs). Earlier this yr, ConsenSys, HENI Group, and Heyday Movies launched Palm NFT Community.

In 2021, the Treum crew expanded its providing considerably to fulfill the rising demand for NFTs. The corporate just lately launched, an Ethereum-based Non-Fungible Token (NFT) music and artwork mission that options algorithmically generated artwork and audio tracks.

Commenting on the newest acquisition, Johnna Powell from ConsenSys, mentioned: “ConsenSys is on a mission to unlock the ability of communities and to make Web3 universally simple to make use of, entry, and construct on. Immediately MetaMask is utilized by greater than 10 Million month-to-month lively customers, and lots of of them use the platform to gather NFTs. It was an apparent choice for ConsenSys to speed up the event of our full-fledged NFT platform for end-users and builders.”


Treum introduced a number of partnerships in 2021 to increase its operations. The corporate collaborated with Jonathan Rosen, one of many well-known textual content and multimedia-based visible artists, to launch “The Greatest Drop”, now often known as “The Dream Machine,” a restricted set of NFTs exhibited first on a 36-screen digital facade on Oxford Road in London.

“The Treum crew has constructed the main NFT full lifecycle platform and we’re excited to hold on our exponential journey with the worldwide attain of ConsenSys. We’ll proceed to serve our main IP property buyer, deepen our improvement of the metaverse, launch bleeding-edge NFT drops, and onboard the subsequent 100m customers to the Web3 neighborhood,” Tyler Mulvihill, co-founder at Treum, mentioned.

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