2 years ago
ConsenSys has announced the acquisition of Ethereum wallet MyCrypto for undisclosed terms. MyCrypto volition yet merge with ConsenSys’ hugely fashionable MetaMask wallet.
“With our talents combined, and our beardown consciousness of shared morals and goals for this ecosystem, I deliberation we’ll beryllium capable to supply a wallet acquisition that is overmuch much capable to assistance its users marque the champion decisions done this rapidly evolving Web 3 wallet landscape,” said Dan Finlay, co-founder of MetaMask.
MetaMask presently has 21 cardinal monthly progressive users, but the acquisition would bring the wallet to much platforms and deepen its integrations arsenic it is presently offered lone done mobile apps and web browser extensions. MyCrypto offers its Ethereum relationship absorption solutions done browsers and desktop applications.
User information and merchandise information are hallmarks to some MetaMask and MyCrypto, said Taylor Monahan, laminitis and CEO of MyCrypto, speaking with CoinDesk. Security, helium said, is of expanding value arsenic the ecosystem grows and a much divers scope of radical participate the crypto space. “We privation to marque definite that everyone has a bully acquisition with cryptocurrency. Namely, not losing each of their crypto."
While the eventual extremity is to harvester the MyCrypto and MetaMask wallets, the products volition stay autarkic nether the aforesaid marque umbrella successful the adjacent term. The teams don’t person a timeline for the merger, added Monahan, preferring alternatively to let the process to hap organically. The unified products volition beryllium headed by Monahan, alongside MetaMask co-founders Dan Finlay and Aaron Davis. MyCrypto’s squad of 12 employees volition besides articulation ConsenSys.
Led by Ethereum co-founder Joseph Lubin, Brooklyn-based ConsenSys is simply a titan successful the Ethereum ecosystem, having developed a blockchain merchandise suite that includes Diligence for astute declaration audits and security, blockchain for concern protocol Quorum and developer toolkit Truffle.
Last November, ConsenSys raised $200 million successful a backing circular astatine a $3.2 cardinal valuation.
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