On Monday there were reports in the
South Korean press that conglomerate SK Group planned to invest in ConsenSys. Today ConsenSys confirmed that SK Holdings has invested $10 million in a new “opportunity fund” managed by ConsenSys.
“The fund will invest in a wide range of businesses across the blockchain ecosystem, and is the first fund enabling third-party investors to deploy capital alongside ConsenSys,” the emailed statement reads. “We saw this as a great opportunity to partner with SK Holdings Co. and look forward to partnering with other like-minded LPs (limited partners) to invest in emerging web3 infrastructure, products, and platforms around the globe.”
The two parties are no strangers. Last year they
signed a collaboration for ConsenSys to work with IT subsidiary SK Corporation C&C where the blockchain technology of choice is Ethereum. Joe Lubin, the ConsenSys founder, is also one of Ethereum’s founders and the company’s efforts are focused around that blockchain.
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Image Copyright: ConsenSys
