HomeNewsEthereum software firm ConsenSys acquires NFT platform Treium

Ethereum software firm ConsenSys acquires NFT platform Treium

ConsenSys, a number one Ethereum software program firm, at present introduced the acquisition of the Treum group and its NFT platform from Mesh, a Web3 incubator, for an undisclosed quantity. With this acquisition, ConsenSys is welcoming a group of creators, product managers, and software program builders who’ve pioneered use-cases of Non-Fungible Tokens (NFTs) since their formation in 2017.

This strategic determination comes following the formation of the Palm NFT community, an NFT ecosystem that was launched in March 2021 by ConsenSys, HENI Group, and Heyday Movies. The Treum acquisition will permit ConsenSys to considerably advance its NFT know-how providing for creators, manufacturers, rights homeowners, sport publishers, sports activities groups, and leagues.

It has been a busy 12 months for the Treum group with the launch of EulerBeats.com, an Ethereum-based Non-Fungible Token (NFT) music and artwork challenge that options algorithmically-generated artwork and audio tracks. Its second assortment of tracks offered for $3M in March following the launch of “Genesis” earlier this 12 months.

The EulerBeats NFT platform was described by entrepreneur Mark Cuban as “essentially the most genius thought ever” and has distributed tens of millions in royalties and staking rewards to its customers. The EulerBeats Membership, a token gated area (accessible solely to those carrying the EulerBeats headset) have been knowledgeable of the subsequent drop coming in November known as “Futura” which can pave the way in which for an open platform enabling musicians to promote their STEMS, let followers purchase randomized mixes, and permits creators to remix variations of originals.

“ConsenSys is on a mission to unlock the ability of communities and to make Web3 universally straightforward to make use of, entry, and construct on. As we speak MetaMask is utilized by greater than 10 million month-to-month energetic customers, and plenty of of them use the platform to gather NFTs. It was an apparent determination for ConsenSys to speed up the event of our full-fledged NFT platform for end-users and builders.”
– Johnna Powell of ConsenSys

Treum + ConsenSys

In June 2021, Treum partnered with textual content and multimedia primarily based visible artist Jonathan Rosen to launch “The Largest Drop” now often called “The Dream Machine,” a restricted set of NFTs exhibited first on a 36-screen digital facade on Oxford Avenue in London and that was displayed on Nasdaq’s seven-story tower in Instances Sq., New York. The Treum group can be behind a number of main NFT issuances equivalent to NBA League’s first stay blockchain-powered stay public sale platform for genuine memorabilia with American skilled basketball group Sacramento Kings in 2020.

Customers of ConsenSys’ NFT know-how will be capable of leverage its integration with ConsenSys’ Web3 merchandise equivalent to MetaMask and Infura. ConsenSys’ NFT enterprise can be co-led by Johnna Powell from ConsenSys and Tyler Mulvihill, a Treum co-founder, and suggested by Kishore Atreya, a Treum co-founder.

“The Treum group 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 growth of the metaverse, launch bleeding-edge NFT drops, and onboard the subsequent 100mm customers to the Web3 neighborhood. Should you love blockchain and NFTs, ConsenSys is the place to be – we’re hiring.”
– Tyler Mulvihill, Co-Founding father of Treum

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