ConsenSys Announces Acquisition of Treum

ConsenSys, a leading Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term company, recently announced that it has acquired the Treum team and its NFT platform from Mesh, a Web3 incubator. The financial details of the acquisition were not disclosed.

In an official announcement, ConsenSys mentioned that the acquisition of Treum will facilitate the expansion of its NFT technology offering for creators, brands, game publishers, sports teams and leagues.

In the latest press release, ConsenSys highlighted the growing popularity of Non-Fungible Tokens (NFTs). Earlier this year, ConsenSys, HENI Group and Heyday Films introduced Palm NFT Network.

In 2021, the Treum team expanded its offering significantly to meet the growing demand for NFTs. The company recently launched EulerBeats.com, an Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term-based Non-Fungible Token (NFT) music and art project that features algorithmically generated art and audio tracks.

Commenting on the latest acquisition, Johnna Powell from ConsenSys, said: “ConsenSys is on a mission to unlock the power of communities and to make Web3 universally easy to use, access and build on. Today, MetaMask is used by more than 10 Million monthly active users, and many of them use the platform to collect NFTs. It was an obvious decision for ConsenSys to accelerate the development of our full-fledged NFT platform for end-users and builders.”

Treum

Treum announced several partnerships in 2021 to expand its operations. The company collaborated with Jonathan Rosen, one of the well-known text and multimedia-based visual artists, to release 'The Biggest Drop', now known as 'The Dream Machine', a limited set of NFTs exhibited first on a 36-screen digital facade on Oxford Street in London.

“The Treum team has built the leading NFT full lifecycle platform, and we’re excited to carry on our exponential journey with the global reach of ConsenSys. We will continue to serve our major IP property customer, deepen our development of the metaverse, launch bleeding-edge NFT drops, and onboard the next 100m users to the Web3 community,” Tyler Mulvihill, Co-Founder at Treum, said.