Consensys Engages with Major Sovereign Wealth Funds for Ethereum Expansion
- Consensys CEO Joe Lubin is in talks with sovereign wealth funds and banks in a “very big” country about building on Ethereum.
- Lubin predicts a new ETH-driven decentralized financial supercycle.
- Consensys led a $425 million investment in SharpLink Gaming to establish an Ethereum treasury.
- SharpLink’s stock has been volatile, but it increased by 922% over the last month.
- Ethereum is described as the “middle child” compared to Bitcoin and Solana but is seen as potentially more valuable due to its trust commodity status.
Joe Lubin, co-founder of Ethereum and CEO of Consensys, is actively engaging with major sovereign wealth funds and banks from an unnamed large country to explore infrastructure development on Ethereum. This follows Consensys’ significant $425 million investment in SharpLink Gaming aimed at creating an Ethereum treasury.
Source (2.6)https://decrypt.co/323502/ethereum-co-founder-sovereign-wealth-funds-buy-eth?rand=52368
