Consensys: Currently in a period of transformation, gradually decentralizing and shifting focus towards converting products into protocols

2024-10-30 14:22:19

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ChainCatcher news, the developer of the encrypted wallet MetaMask, Consensys, announced a sustainable development roadmap. Consensys has currently built infrastructure products and services such as MetaMask, Infura, Truffle, Diligence, Besu, Teku, GNARK, DIN, and Linea, and will continue to support the vision and mission of Ethereum projects, further promoting the gradual realization of strict decentralization, with relevant plans to be announced in a few weeks. Consensys is currently in a transformation period, gradually decentralizing and shifting its focus towards converting products into protocols, evolving from a company into a Network State over time.

In previous news, Consensys announced a 20% layoff, affecting about 160 employees, due to legal expenses related to macroeconomic conditions and the company's long-standing struggles with regulators. The company will provide relevant compensation for the laid-off employees, including: severance pay, extended stock option exercise windows, re-employment support, and expanded healthcare services.

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