ConsenSys Acquires MyCrypto to Strengthen Partnership with MetaMask

ConsenSys announced the addition of MyCrypto, a deep-rooted Eth interface, on February 1st, to collaborate with the industry-leading Web3 wallet, MetaMask. MyCrypto and  MetaMask will collaborate under a single banner to increase the safety of all products and give users a consistent experience across computer, phone, extension, and browsing wallets.

Since its beginning in 2015, MyCrypto has been one of the most steady and consistent Ethereum wallets, offering safe and readily available alternatives for internet browsers and desktop computers. Click here to know more about the crypto wallet. MetaMask had also risen to become the nation’s top non-custodial crypto wallet for smartphone and search engine extensions, including over 21 million active monthly users, by focusing on general-purpose dapp interactions. 

MetaMask, as well as MyCrypto, will indeed be able to provide customers with a much more comprehensive and safe experience by incorporating their shared values, skill, and objectives.

Since 2016, the MetaMask and MyCrypto team members have been mates and Eth coworkers, regularly educating the Ethereum community on security practices. They’ve integrated and maintained services like MetaMask’s phishing detection service, which uses MyCrypto’s CryptoScamDB. User safety and education will remain top priorities. MyCrypto has continuously been one of the most dependable and interoperable Ethereum wallets, frequently shipping cutting-edge Ethereum characteristics. In contrast, MetaMask has the main base dapp interactions.

They will be able to create a wallet experience that will be far more capable of supporting its users in making the correct decisions in this fast-evolving Web3 wallet landscape with their combined abilities, as well as a compelling sense of shared ethics and aims for this ecosystem. As the ecosystem constantly develops and businesses race to offer sleek functionality, the top wallet must continue to develop basic and secure self-custody solutions that empower consumers. Years of practice and common values enable the companies to speed up their objective of fully realizing their self-sovereignty.

MyCrypto group’s experience developing smart contract integrations will allow more powerful plug-ins in MetaMask.

MyCrypto and MetaMask will continue to survive individually, with the ultimate aim of merging functionalities and brand names. MetaMask co-founders and MyCrypto founder will lead the unified Computer, Phone, Extension, and Web browsing product offerings within the MetaMask team. ConsenSys will hire 12 staff members from MyCrypto. MetaMask has always been looking for enthusiastic developers to assist in developing the decentralized web.

About MyCrypto

MyCrypto is an open-source interface for managing Ethereum accounts in a secure and accessible environment. Since 2015, they have been developing products for and by the community to put power in the hands of the public.

About ConsenSys

ConsenSys is the market leader in Eth software. They enable developers, businesses, and individuals worldwide to create next-generation apps, release modern financial facilities, and access the decentralized web.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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