<ul><li>ConSensys has acquired Web3Auth, a crypto wallet infrastructure provider, to enhance MetaMask user experience by addressing seed phrase management risks.</li><li>35% of crypto wallet users are at risk of losing funds due to not backing up their seed phrase, according to ConSensys.</li><li>Integration of Web3Auth will allow MetaMask users to recover wallets using traditional authentication methods and implement multifactor user onboarding for enhanced safety.</li><li>This acquisition is part of ConSensys' strategy to expand its offerings, following previous acquisitions like Wallet Guard, Hal, and MyCrypto.</li></ul>

ConSensys says Web3Auth acquisition to ‘greatly improve’ MetaMask UX

Discover more