2 years ago
MyCrypto and MetaMask volition beryllium combining exertion and teams to physique the perfect wallet. The presumption of the woody were not disclosed.
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ConsenSys announced Tuesday it acquired MyCrypto, the Ethereum wallet interface provider, adding it the bundle company's merchandise suite. Its intent is to merge MyCrypto with the ConsenSys-owned MetaMask wallet, successful bid to "improve the information of each the products and make a cohesive idiosyncratic acquisition crossed desktop, mobile, extension, and browser wallets."
We are precise excited to bring the @MyCrypto squad to @MetaMask! The 2 teams person been friends and Ethereum colleagues with shared values since 2016.
Together we volition proceed to physique progressively user-centric, extensible, and decentralized products.https://t.co/A7y8pkrg7f
MetaMask presently has 21 cardinal monthly progressive users, according to its website, and is 1 of the fastest increasing non-custodial Ethereum wallets and browser extension. In a connection by MetaMask co-founder Dan Finlay, helium said that helium expects that the operation betwixt MetaMask's mobile apps and browser extensions and MyCrypto's web merchandise and desktop exertion volition "connect radical to the satellite of web3 successful adjacent much ways."
Related: MetaMask’s caller inbuilt multichain organization custody feature
Similarly, MyCrypto explained in a blog station however it will beryllium moving unneurotic with MetaMask "to pb the mode to Web3" and that they person a shared extremity to "build the cleanable wallet." Among the characteristics of an perfect wallet see becoming progressively decentralized and trustless, prioritizing idiosyncratic information and safety, and providing seamless entree crossed assorted idiosyncratic accounts, protocols and networks.
MyCrypto clarified that the idiosyncratic acquisition volition not beryllium changing successful the short-term, isolated from tiny updates similar UX improvements, web handling, mistake messages, and acheronian mode. Neither is immoderate enactment needed from a MyCrypto oregon MetaMask idiosyncratic astatine this time. In the long-term, however, some wallets volition reportedly "slowly" merge into a "comprehensive, Ethereum-first suite of open-source, non-custodial merchandise offerings.
According to ConsenSys, MetaMask co-founders Dan Finlay and Aaron Davis, alongside MyCrypto laminitis Taylor Monahan, volition pb the caller desktop, mobile, hold and browser merchandise team, portion MyCrypto’s 12 employees volition articulation ConsenSys.
ConsenSys reached a valuation of $3.2 billion aft raising $200 cardinal successful November 2021.
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