Consensys Acquires Web3Auth for Enhanced MetaMask Security

Consensys has made strategic moves to enhance user experience and security for its popular MetaMask wallet, acquiring the Singapore-based company Web3Auth on June 2, 2025. This acquisition focuses on simplifying seed phrase management within MetaMask, a crucial element in securing user funds. Web3Auth will be integrated with MetaMask, bringing their expertise and team of 30 individuals into the fold to further streamline the process. This move aims to address challenges such as low backup rates for seed phrases, which can lead to significant loss risks for users. With over 250 million MetaMask users, the combined resources will offer enhanced security features and improve user-friendliness, potentially playing a key role in achieving broader crypto adoption. The acquisition underscores Consensys’ commitment to improving the Ethereum ecosystem through innovative solutions that prioritize both security and accessibility.