Blockchain software company Consensys acquires MyCrypto Ethereum Wallets-Wallets
Blockchain software company Consensys acquires MyCrypto Ethereum Wallets-Wallets
On February 1, the blockchain infrastructure company Consensys announced that it has acquired the Ethereum-based wallet MyCrypto and plans to bring the wallet together with Metamask. The price that Consensys paid for MyCrypto was not announced, but the announcement states that the takeover "will further improve the security of all products".
Consensys acquires MyCrypto Ethereum Wallet and plans to merge with Metamask in the future
Konsens , according to an announcement published on Tuesday, has acquired the MyCrypto wallet based on Ethereum for an unspoken sum. The deal aims to strengthen the company's Ethereum Wallet Metamask and "improve web3 experiences". According to Consensys, the possible fusion between the two Ethereum interfaces will "offer users an improved experience that is even more extensive and safer".
Consensys is an Ethereum software company that is led by one of the Ethereum co-founders Joseph Lubin. The Web3 Wallet Metamask with 21 million monthly active users (Mouse) belongs to Consensys. In mid-December 2021, Consensys A Rollups scaling with the payment giant mastercard. Dan Finlay, co-founder of Metamask, believes that the combination of MyCrypto and Metamask Ethereum users will offer a robust wallet interface.
"MyCrypto was consistently one of the most reliable and intercompatible wallets in Ethereum and often delivered state-of-the-art Ethereum functions in front of other wallets, while Metamask focused on general dapp interactions," said Finlay in a statement sent to Bitcoin.com. Finlay added:
With our combined talents and our strong sense of common ethics and goals for this ecosystem, we will be able to offer a wallet experience that helps its users much better to make the best decisions in this fast-developing web3 wallet landscape.
Web3 walls of alternative chains metamask, Consensys believes that "MyCrypto Wallet will enable extensive integrations in Metamask"
While Metamask is not only very popular with users of the Ethereum network, but also with those who use cross-chain technology. However, many other blockchains and their web3 wallets begin to be metamask on the heels. Wallets such as the Binance Smart Chain wallet, KEPLR, Terra Station and Phantom. The Solana-based Phantom Wallet $ 109 million in a series b.
listed by ParadigmThe alternative blockchains used by the above web3 walls are all supported by Metamask. Consensys believes that the takeover of MyCrypto will "enable more comprehensive integrations in Metamask". For the time being, mycrypto and metamask remain separate units under the wing of Consensys.
"In view of the rapid growth of the ecosystem and the products that run around sophisticated functions, it is essential that the leading wallet continues to develop basic and safe tools for self -storage that strengthen the user," said Taylor Monahan, founder and CEO of MyCrypto. "The combination of our years of experience and common values enables us to accelerate our mission, to offer users an opportunity to fully realize their self -sovereignty."
What do you think that Consensys acquires the MyCrypto wallet? Share your opinion on this topic in the comment area below.
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