Consensys acquires Web3Auth to upgrade MetaMask security, targeting seed phrase management as a major concern in crypto self-custody.
Web3Auth technology integration will introduce web2 login methods into MetaMask, reducing the need for manual seed phrase storage and enhancing security.
The acquisition supports MetaMask's expansion to non-Ethereum chains like Solana and Bitcoin, enabling seamless cross-chain transactions within the wallet.
Consensys aims to make self-custody more secure and accessible for mainstream users by enhancing MetaMask's security and multi-chain capabilities.