Ethereum development studio Consensys has announced a new entity, Consensys Mesh, a complementary entity to the independent ConsenSys software business.
Joseph Lubin, the founder of Consensys, announced the news in a Twitter thread on Monday, September 28. According to Lubin, the launch of Consensys Mesh follows the early 2020 announcement that said that ConsenSys would be separating its investment and portfolio management activities from its software business.
According to the founder of Consensys, Mesh is a network of loosely coupled, tightly aligned teams to create value for Ethereum and accelerate its lead as the most active, decentralized, and sophisticated blockchain network on the planet.
Mesh will operate as a network of developers, researchers, founders, investors, and communities dedicated to advancing Ethereum and other decentralized protocols.
Consensys is a leading blockchain technology company building Ethereum blockchain infrastructure and applications for new economic systems that are more open, efficient, and secure.
Since its launch in 2015, the company has provided many solutions and products to developers and enterprises worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web.
Joseph Lubin said:
“ConsenSys Mesh explicitly continues this mission of exploration. Mesh teams share a common mission to advance the adoption of decentralized protocols, infrastructure, and applications. That mission has motivated me since the earliest days of the Ethereum project.”
Consensys Mesh is made up of companies that are working on Web3.0, growing open source, and developing new protocols. This network will focus on exploring new technologies and innovation to ensure a sound Ethereum future. Joseph stated:
“Mesh will keep exploring the bleeding edge of our increasingly diverse and innovative ecosystem. We want to keep pushing Ethereum forward, while also collaborating and increasing convergence across decentralized protocols and the full Web3 & DeFi stacks.”
Consensys Labs, the venture arm of Consensys, supports supporting entrepreneurs and developers around the world through tools, talent, and capital across three tiers that include Tachyon, an accelerator for early-stage blockchain and Web 3.0 startups, seed-stage investments, and Relays.
According to Consensys, Mesh will also oversee the ConsenSys Labs portfolio of over 100 blockchain startups including 3Box, Aztec, Compound Labs, Erisx Digital, and Trusttology, and support the Tachyon accelerator.
Joseph Lubin cocluded as:
“Areas of particular interest to me right now are Eth2 (it’s happening!), gas optimization & scalability solutions, risk management, and network-based collaboration. We’re focusing on many of these in Mesh and we look forward to sharing more news & updates soon.”
If you found this article interesting, here you can find more Blockchain and cryptocurrency news
