Consensys Acquires Web3Auth to Enhance MetaMask
- Consensys acquires Web3Auth, impacting MetaMask with enhanced features.
- Focus on improving user experience, reducing seed phrase risks.
- Aims to simplify crypto access for 50 million users.
Consensys announced the acquisition of Web3Auth on June 2, 2025, in Fort Worth, aiming to integrate its technology into MetaMask.
This acquisition could reduce seed phrase-related risks, enhancing security and user experience for 50 million MetaMask users.
Consensys Targets 50 Million Users with Web3Auth Buy
Consensys, a major player in the Ethereum ecosystem, has announced the acquisition of Web3Auth, a leading provider of key management and wallet solutions. This move seeks to integrate Web3Auth’s technology into MetaMask.
The acquisition emphasizes improving MetaMask by incorporating social logins and device authentication. Consensys believes this will significantly enhance user security and offer developers better SDKs and wallet management tools.
Reducing Seed Phrase Risks for Crypto Users
The acquisition is expected to reduce the risk of lost funds by eliminating the need for users to manage seed phrases. “35% of users do not back up their seed phrases, leading to a significant risk of fund loss,” noted the Consensys Team in their official announcement.
Industry experts see this acquisition as strengthening MetaMask’s market position. Additionally, developers will benefit from improved tools and deep integrations with existing Consensys products, potentially boosting innovation.
Historical Acquisitions Fuel MetaMask Innovation
This acquisition follows Consensys’ previous purchases, such as Wallet Guard in 2024 and MyCrypto in 2022, each aimed at enhancing MetaMask’s capabilities and infrastructure.
Experts predict that integrating Web3Auth’s user-friendly authentication methods could set a trend towards more accessible crypto solutions. Historical data suggests such moves typically drive up user adoption rates.
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