CONSENSYS, the company behind the Metamask wallet, has doubled its valuation in a matter of months with its latest bumper funding round.

The company announced yesterday that it had raised $450m (£344) in a series D round taking its valuation to $7bn - more than double its valuation at a $200m fundraise in November 2021.

The funding round, which was led by Parafi Capital and included participation from Microsoft and the Softbank vision fund, comes after Metamask grew active monthly users to 30m in January - a 42 per cent increase in just four months.

Chief executive Joseph Lubin said that the company had capabilities to support the decentralised ecosystem from tokenisation and wallets to DeFi ,NFTs, DAOs, and more.

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