Consensys Enhances MetaMask with Web3Auth Acquisition
By Philip Maina
1 day agoWed Jun 04 2025 10:41:04
Reading Time: 2 minutes
- Consensys has acquired crypto wallet infrastructure provider Web3Auth
- The acquisition is meant to enhance the user experience of Consensys’ crypto wallet MetaMask
- Consensys said Web3Auth will help address “one of the biggest risks in self-custody today”
Leading blockchain and web3 software company Consensys has acquired crypto wallet infrastructure provider Web3Auth to enhance MetaMask’s user experience. Consensys said the acquisition will help it improve seed phrase management, which it considers to be “one of the biggest risks in self-custody today.” The web3 software company added that Web3Auth will also help boost MetaMask’s security and drive seamless onboarding “for the next billion web3 users,” indicating that Consensys wants to simplify MetaMask’s usage without sacrificing security.
Recovering Web3 Wallets Using Web2 Methods
Announcing the acquisition, Consensys revealed that Web3Auth’s infrastructure will enable MetaMask users to create and recover wallets using “familiar web2 authentication methods” like social accounts.
Consensys noted that embracing web2 authentication methods eliminates the need for MetaMask users to back up seed phrases, thus reducing the risk of losing funds due to forgotten or lost seed phrases.
The acquisition also favors application developers who’ll be able to access “embedded wallet SDKs and key management infrastructure.” Developers will also have the chance to integrate with MetaMask and the web3 world. Consensys CEO Joseph Lubin disclosed that they’ve been working with Web3Auth “for some time.”
Lubin said their cooperation aims at pioneering a next-gen approach to web3 wallet infrastructure, adding that Web3Auth’s infrastructure aligns with Consensys’s mission to “make web3 universally accessible.”
Paving the “Way for Mainstream Adoption”
Lubin believes that the best web3 wallet should offer frictionless onboarding, extensive ecosystem connectivity, customizable interfaces, and configurable security, qualities he said pave the “way for mainstream adoption.”
Web3Auth CEO Zhen Yu Yong said that the acquisition lays the groundwork for a “more unified web3 experience” for both developers and end users. Yong added that the acquisition aligns with the firm’s mission to bring more people on-chain.
The acquisition adds to Consensys’ recent efforts to improve MetaMask offerings. Some of the efforts include upgrading withdrawals , acquiring Wallet Guard to counter web3 threats, and offering pooled staking services.
With Consensys acquiring Web3Auth to simplify MetaMask’s user experience, the move is likely to increase the wallet’s usage and adoption.
