Consensys acquires the web3auth firm to optimize MetamSk functions

The acquisition seeks that products from Consensys, as Metamk, incorporate new functions that optimize their operation in the sector Web3.

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• Consensys seeks to transform the user experience into MetamSk With web2 login technology
• Web3auth It already operates in more than 8,200 decentralized applications
• Integration aims to eliminate the risk of loss by seed phrases
• The ecosystem development experience will also be enhanced MetamSk

The company developer of solutions based on Ethereum, consensysannounced the acquisition of Web3auth, A firm specialized in web3 authentication tools, with which it contemplates optimizing the functions offered by the popular wallet MetamSk.

This was announced by a report published by COINDESKwhich indicates that the operation, of which the financial terms were not revealed, seeks to improve both the experience of the users and that of the developers in the decentralized ecosystem.

A commitment to usability and security

According to internal data of Consensys, approximately 35% of users of MetamSk They do not support their seed phrases, which represents a critical risk of irreversible loss of funds. The company expects the technology of Web3auth, which is already integrated into more than 8,200 decentralized applications, helps to solve this problem.

Web3auth It offers access and recovery tools similar to those used in web2 applications, as session with email or social networks. With this technology, MetamSk You can offer a modern alternative to the traditional seed phrase model, aligning with the concept of “Accounts Abstraction”, which seeks to simplify the use of wallets until they make them as intuitive as traditional applications.

Joseph Lubin, executive director of Consensys and co -founder of Ethereum, expressed in a statement that this integration represents a natural evolution of the capacities of MetamSk.

“The best web3 wallets will be those that integrate infrastructure that offer empowering functions, such as customizable interfaces, extensive connections with the ecosystem and adaptable safety configurations,” affirmed.

The manager also compared this vision with the structure of a mycelium network: interconnected, flexible and resilient.

New developer tools

In addition to benefiting users, the acquisition seeks to improve development capacities on MetamSk. With the inclusion of embedded SDKs Web3auth, Developers can create applications with an almost imperceptible blockchain integration for the end user.

Dan Finlay, co -founder of Metamk, He explained that the future of web3 is oriented towards embedded wallets that reduce friction in the interaction. “We want to build the best of both worlds: a decentralized website that is invisible until the user decides to use their power,” Indian.

This movement adds to a broader trend in the ecosystem Blockchain to simplify access to decentralized products without sacrificing control or digital sovereignty. Although Consensys He has not published a detailed roadmap, the new functions are expected to progressively reach the users of MetamSk In the coming months.

Since its creation, MetamSk It has been one of the most used tools to interact with web3. However, the technical barrier of seed phrases has been an important obstacle to new users. The abstraction of accounts has emerged in response to this challenge, allowing more fluid experiences through the use of Smart Contracts and modern authentications.

Companies like Coinbase, and now Consensys They have opted for solutions that allow access without directly handling private keys or complex phrases. This trend aims to accelerate the mass adoption of cryptoactive, especially among those who are not familiar with the ecosystem.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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