Consensys led the $425 million PIPE round to support SharpLink Gaming’s Ethereum treasury initiative, joined by firms including Galaxy Digital, ParaFi Capital, Ondo, Pantera Capital, Arrington Capital, Hivemind Capital, and Primitive Ventures

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The online gambling marketer's raise was led by blockchain technology firm Consensys, with participation from Galaxy Digital, ParaFi Capital, Ondo, and Pantera Capital, among other investors, SharpLink Gaming said Tuesday in a statement.
The firm also revealed that Lubin would become chairman of SharpLink’s board, once the deal closes. Per the announcement, Consensys is the lead investor, but a number of other top crypto VC firms participated in the deal, including Pantera Capital, Arrington Capital, Galaxy Digital,Hivemind Capital, and Primitive Ventures.