ConSensys acquires Web3Auth to improve MetaMask UX

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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 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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ConSensys acquires Web3Auth to improve MetaMask UX



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 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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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