2017 was very good to Joseph LubinConsenSys and its team of Ethereum supporters and enthusiasts.  2018…not so much.

After helping to drive the adoption of Ethereum and grow to over 1,000 people in more than 25 countries, it appears that it is time to rationalize its sprawling interests amid an unprecedented rout in the value of Bitcoin and the rest of the cryptocurrency moonscape. 

ConsenSys is reorganizing. The sprawling company, which is working to build an internet of decentralized applications on the Ethereum blockchain, has entered a new phase called ConsenSys 2.0, which its leadership says will be marked by greater efficiency, accountability, and attention to revenue. Underperforming projects will get the axe, and the arm of ConsenSys that oversees venture investment will become more like a traditional startup accelerator.

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