
ConSensys has acquired the crypto wallet infrastructure provider Web3Auth, which it says will bolster the user experience for its popular crypto wallet offering MetaMask.
ConSensys said in a June 2 blog data-ct-non-breakable=”null” href=”https://consensys.io/blog/consensys-acquires-web3auth-to-enhance-metamasks-user-experience-user-safety” title=”null”>post that the acquisition, which it did not share further details on, “will greatly improve MetaMask user experience by addressing one of the biggest risks in self-custody today: seed phrase management.”
It claimed that 35% of crypto wallet users are at risk of losing their funds as they do not keep a backup of their seed phrase — a string of up…

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