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ConsenSys is reexamining once prominent Token Foundry after Civil unrest and the exit of its CEO

by Frank Chaparro

November 13, 2018, 3:40PM EDT  ·  4 min read

Quick Take

  • ConsensSys is reexamining the future of Token Foundry after the failed Civil sale
  • The entity’s CEO is out and there’s been a mass exodus of employees

by Frank Chaparro

November 13, 2018, 3:40PM EDT  ·  4 min read

Count this as another casualty of the 2018 crypto bear market. 

ConsenSys, the massive cryptocurrency venture studio led by Ethereum co-founder Joe Lubin, is looking to breathe new life into a floundering project, according to people familiar with the situation. Token Foundry, which provides a platform to help bring new tokens to market, has been struggling in recent months as the bear market grips companies tied to the once sanguine days of 2017.