ConsenSys, a blockchain technology company, has purchased MyCrypto, an interface provider for Ethereum wallets, in order to integrate it with its MetaMask wallet.
ConsenSys acquires MyCrypto
The company announced the acquisition via a blog post on Tuesday. It noted that MetaMask will be combining its efforts to “improve security of all products and create a cohesive experience across desktop and mobile, extension, browser wallets, and browsers.”
MetaMask currently has more than 21,000,000 monthly active users. It is one of the most trusted crypto wallets due to its compatibility and stability, as well as providing secure solutions for users. It is also one the most popular non-custodial mobile wallets and browser extensions worldwide.
Increased Security for Users
Integration with MyCrypto not only will bring MetaMask onto more platforms and encourage more integrations of the wallet with them, but it will also give users a more secure and enhanced experience.
Dan Finlay, co-founder and CEO of MetaMask spoke out about the acquisition.
“MyCrypto is a reliable and inter-compatible Ethereum wallet, frequently shipping cutting-edge Ethereum features before other wallets. MetaMask, on the other hand, has focused on general-purpose interactions with dapps.
Our combined talents, as well as our strong senses of shared ethics, goals and values for the ecosystem, I believe we can provide a wallet experience that’s much more capable of helping its users make the right decisions in this rapidly changing Web3 wallet landscape.”
ConsenSys didn’t disclose the terms of its acquisition but noted that both wallets would continue to function independently for the foreseeable future with the eventual goal to merge features and brands.
Taylor Monahan (founder and CEO of MyCrypto) also spoke out, saying:
“With products racing to deliver slick features and rapid growth of the ecosystem, it is vital that the leading wallet keeps building foundational and secure self custody tools that empower users. Our shared values and years of experience allow us to accelerate the mission to help users fully realize their self-sovereignty.
Together with Taylor Monahan, MyCrypto’s Taylor Monahan, MetaMask’s Dan Finlay (MetaMask) will lead the unified product offerings. ConsenSys will also include MyCrypto’s 12 employees.
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