ConsenSys – the high-profile Ethereum and decentralized protocols software firm behind MetaMask, Infura, and Truffle – reportedly secured $450-million in capital support via Series D fundraising. 

Specifically, the funding round was reportedly led by ParaFi Capital and witnessed participation from different big names, nominally Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures.

This funding round reportedly helped the firm’s valuation hit a two-fold increase since the $200-million Series C raise in November last year. 

All the capital acquired from the round will partially be turned into Ether (ETH) to rebalance the ratio of ETH to US Dollars equivalents in ConsenSys’ treasury.

The company aims to utilize its already existing financial infrastructure to generate yields on that kind of assets in DeFi, protocols, and via staking. 

The proceeds will act as financial assistance for the expansion of MetaMask, with a significant redesign that will be rolled out in later this year, together with the release of a plug-in extensibility network, which will enable integration with a vast array of blockchain protocols and account security schemes.

In January 2022, MetaMask reportedly crossed the 30 million benchmark in terms of active users, which translates to a surge of 42% in four months.

With the wallet, users will reportedly be able to mint and collect nonfungible tokens, take part in decentralized autonomous organizations, as well as join DeFi protocols. 

Meanwhile, over 430,000 developers are reportedly utilizing the Ethereum development platform Infura. Its Ethereum API now offers to facilitate features for over $1 trillion in annualized on-chain ETH transaction volume.