Crypto news site decryptmedia has spun out of its parent organization ConsenSys Meth, raising $10 million in funding at a $50 million valuation. By JamieCrawleyCD
With the investment, Decrypt plans to build out its Web 3 studio Decrypt Studios, which brands non-fungible tokens and metaverse activations in fashion, entertainment and real estate. Decrypt will also invest in its decentralized newswire PubDAO.
Decrypt was founded in 2018 within blockchain incubator program ConsenSys Mesh. Decrypt CEO and co-founder Josh Quittner praised ConsenSys Mesh and its founder Joe Lubin for the long-term support. "I’m thrilled about today’s announcement," Quittner told CoinDesk."I’m especially grateful to Joe Lubin; we launched into the crypto winter and his support never wavered. The man has nerves of steel."Austin, Texas
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