Blockchain Company Consensys Acquires Ethereum-Based Wallet Mycrypto

On February 1, Consensys, a blockchain infrastructure company, said that it had bought the Ethereum-based wallet Mycrypto and planned to merge it with Metamask. The price Consensys paid for Mycrypto was not disclosed, but the acquisition will ‘further increase the security of all the products,’ according to the release. According to a press release issued on Tuesday, Consensys has purchased the Ethereum-based wallet Mycrypto for an unknown price. The agreement intends to boost Metamask, the company’s Ethereum wallet, as well as improve Web3 experiences. The eventual merger between the two Ethereum interfaces will ‘provide users with a heightened experience that is even more extensive and secure,’ according to Consensys. Consensys is an Ethereum software company led by Joseph Lubin, one of Ethereum’s co-founders. Consensys owns the Web3 wallet Metamask, which has 21 million monthly active users (MAUs). Consensys announced a rollups scalability solution with payment giant Mastercard in mid-December 2021. According to Dan Finlay, co-founder of Metamask, a combination of Mycrypto and Metamask will provide ethereum users with a comprehensive wallet interface. Finlay said: “Mycrypto has consistently been one of the most reliable and inter-compatible wallets in Ethereum, often shipping cutting-edge Ethereum features ahead of other wallets, while Metamask has focused on general-purpose dapp interactions.” “With our talents combined, a...