US EditionConsensys Acquires Web3Auth to Reinvent MetaMask Onboarding
- ConsenSys acquired Web3Auth, a wallet infrastructure provider, on June 2, 2025, to improve MetaMask's onboarding experience.
- This acquisition follows ConsenSys' ongoing strategy of buying crypto firms to enhance wallet security and developer tools amid industry consolidation.
- The integration will phase in Web3Auth's passwordless and social login technologies to reduce risks linked to seed phrase backup failures affecting 35% of users.
- Consensys CEO Joseph Lubin emphasized that incorporating Web3Auth’s advanced authentication tools supports their goal of broadening access to web3 technologies.
- This move aims to ease wallet recovery, accelerate MetaMask's support for non-EVM chains, and lower barriers for mass Web3 adoption and developer integration.
14 Articles
14 Articles
ConsenSys Buys Web3Auth — Will MetaMask Kill Seed Phrases?
The post ConsenSys Buys Web3Auth — Will MetaMask Kill Seed Phrases? appeared on BitcoinEthereumNews.com. A line of text in a paragraph.In a move that could revolutionize the engagement of millions with crypto wallets, ConsenSys has made the acquisition of Web3Auth, the leading provider of passwordless and multi-party computation (MPC) key management technologies. With the June 2 announcement, the anguish and risk of seed phrases for MetaMask’s 4…
Key points of the news: MetaMask will integrate authentication with social logins and devices, eliminating exclusive dependence on seed phrases. Web3Auth provides its infrastructure for embedded wallets and key management. Acquisition improves MetaMask multichain compatibility. Consensusys resulted in the purchase of Web3Auth, a company dedicated to wallets infrastructure and key management for Web3 applications. The End of the Seed Phrases? Thi…
MetaMask developer ConsenSys has acquired Web3Auth infrastructure provider for an undisclosed amount. Founded in 2019, the platform serves approximately 50 million end users and powers over 8,200 applications in the Web3 ecosystem. The main goal is to improve the user experience...
Consensys, OSL Among Four Crypto Giants Closing Acquisition Deals in a Single Day
Crypto Acquisition Deal:- June 2 came as the “Acquisition Day” in crypto. Four high-profile purchase agreements – together valued atleast $265 million in disclosed value – were finalized. Here’s a quick glance followed by detailed breakdown; Consensys acquired wallet infrastructure provider, Web3Auth for $50 million in cash and equity. FalconX bought a 60 percent stake The post Consensys, OSL Among Four Crypto Giants Closing Acquisition Deals in…
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