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Ethereum cofounder Joe Lubin is investing $6.5 million into DrumG, a startup founded by several senior level executives from R3, one of the ethereum blockchain’s most heavily funded competitors.
Forbes reported that as part of that cash investment by Lubin’s ConsenSys blockchain startup, the company will take a minority stake in DrumG. Lubin will be DrumG’s sole outside member on the board of directors.
In addition, DrumG will have a “significant presence” within the ConsenSys financial technology ecosystem, according to Forbes. There are currently more than 50 projects being managed by ConsenSys, with a good number in the financial sector. Read more here.
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