ConSensys acquires Web3Auth to improve MetaMask UX
Summary
ConSensys has acquired Web3Auth to enhance MetaMask's user experience by addressing seed phrase management issues. This integration allows MetaMask users to recover wallets using traditional authentication methods, reducing the risk of losing funds. The rollout will include multifactor user onboarding for improved safety. ConSensys has a history of acquisitions to expand its offerings, including Wallet Guard for security and Hal for blockchain development tools. In 2022, it acquired MyCrypto to merge with MetaMask. MetaMask plans to support Bitcoin and Solana networks, further broadening its capabilities.
