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Decrypt Raises $10M In Funding And Spins Out From Consensys Mesh

Decrypt Raises $10M In Funding And Spins Out From Consensys Mesh

05/03/22, 1:04 PM
Money raised
$10 million
Decrypt, the media company demystifying crypto and the decentralized web, and production arm Decrypt Studios, a Web3 studio specializing in metaverse activations, has just announced its successful spinout from ConsenSys Mesh, the blockchain accelerator and incubator, after raising $10M in funding on a $50M post-money valuation. The infusion of capital comes from more than 15 investors, including venture capital firms, DAOs, Web3 organizations, and angels, in keeping with Decrypt’s mission of progressive decentralization as it goes independent.

Company Info

Company
Decrypt Media
Additional Info
Decrypt was founded in 2018 with a simple mission: to demystify the decentralized web. We are a site dedicated to helping people understand this brave new world: Whether it's trust-less networks, privacy coins or oracles, we strive to produce original coverage of the biggest stories, insightful profiles on the industry’s movers and shakers as well as engaging educational content to connect the dots. Our aim is to highlight to our readers what really matters, whilst providing a toolkit to understand the fundamentals. We are a map for the doers of Web3, to help navigate the space and uncover the expertise and resources they need to shape the industry for themselves.