Consensys captured on the Web3aut of Crypto Wallet Wallet, which says it will enhance the user experience of the famous Crypto wallet that offers Metamask.
Consensys said in the June 2 blog mail The acquisition, which has not been shared by more details about it, “will greatly improve the experience of metamask user by treating one of the biggest risks in the field of self -needs today: managing seed phrases.”
He claimed that 35 % of the encryption wallet users are at risk of losing their money because they do not keep a backup copy of the seed – a chain of 24 words that allow full access and control of a portfolio.
By merging Web3aut, he said Consnsys metamask Users can recover their wallets using traditional authentication methods such as the device based on the device and its social records, which hope to remove the entry bar.
Integration will be gradually offering stages to Metamask, and the company plans to implement the multi -factor user on the plane to enhance safety.
Earlier this year, metamask Declare It will offer support for bitcoin and Solana networks.
Web3aut Marks is the latest acquisition on Consensys
The latest acquisition of Consysys is the latest in a long series of encryption companies that have been purchased to expand their offers.
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In July 2024, the company acquired The security tool wallet is a metamask security support by combining the advanced safety features of Wallet Guard in Metamask
On February 21, 2023, the company acquired Blockchain Hal Development Tools platform to integrate the service with API Web3 solutions, which helps developers to obtain alerts and notifications at the protocol level.
In 2022, consysys Purchase Ethereum Mycrypto wallet provider with plans to merge it with metamask.
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