Leading Ethereum software company ConsenSys today announced the acquisition of the Treum team and its NFT platform net, Web3 incubator, the amount is undisclosed. Through this acquisition, ConsenSys ushered in a team of creators, product managers, and software developers who have created use cases for non-fungible tokens (NFT) since its establishment in 2017.
This strategic decision was made after the formation of the Palm NFT network, which is an NFT ecosystem, launched in March 2021 by ConsenSys, HENI Group and Heyday Films. The acquisition of Treum will enable ConsenSys to significantly advance its NFT technology products for creators, brands, copyright owners, game publishers, sports teams and leagues.
With the launch of the Treum team, this has been a busy year EulerBeats.com, A non-fungible token (NFT) music and art project based on Ethereum, with algorithm-generated art and audio tracks. Following the launch of “Genesis” earlier this year, its second set of tracks was sold for $3 million in March.
The EulerBeats NFT platform has been described by entrepreneur Mark Cuban as “the most genius idea ever” and has distributed millions of dollars in royalties and betting rewards to its users. EulerBeats Club is a token-gated space (accessible only to people wearing EulerBeats headphones) was told about the next drop in November called “Futura”, which will pave the way for an open platform that allows musicians to sell Their STEMS allows fans to purchase random mixes and allows creators to remix versions of the original.
“The mission of ConsenSys is to unleash the power of the community and make Web3 universally easy to use, access, and build. Today, MetaMask has more than 10 million monthly active users, many of whom use the platform to collect NFTs. For ConsenSys, accelerating for end users It is an obvious decision to develop our mature NFT platform with the builders.”
– Johnna Powell of ConsenSys
Treum + ConsenSys
In June 2021, Treum and Jonathan Rosen, a text-based and multimedia visual artist, released “The Biggest Drop”, now called “Dream machine,” A limited set of NFTs was first exhibited on the 36-screen digital facade on Oxford Street, London, and then on the seven-story tower of the Nasdaq in Times Square, New York. The Treum team also supports a number of leading NFT issuances, For example, the NBA’s first real-time blockchain-driven real-time auction platform is used for real souvenirs from the collaboration with the American professional basketball team Sacramento Kings in 2020.
Users of ConsenSys’ NFT technology will be able to use it and ConsenSys’ Web3 products (such as MetaMask and InfuraConsenSys’ NFT business will be led by Johnna Powell of ConsenSys and Tyler Mulvihill, co-founder of Treum, with advice from Treum co-founder Kishore Atreya.
“The Treum team has built a leading NFT full life cycle platform. We are very pleased to continue our exponential journey through ConsenSys’ global influence. We will continue to provide services to our major IP asset customers and deepen our development of Metaverse , Launching cutting-edge NFT placement, and adding the next 100mm user to the Web3 community. If you like blockchain and NFT, then ConsenSys is your best choice-we are hiring.”
-Tyler Mulvihill, co-founder of Treum