Consensys acquisition of Web3Auth to optimize MetaMask experience and accelerate Bitcoin support

PANews June 3 news, according to The Block, Consensys has acquired wallet infrastructure provider Web3Auth, aiming to simplify MetaMask seed phrase management through Web2 login methods and enhance user experience. The details of the transaction have not been disclosed. This integration will also accelerate support for non-EVM chains such as Solana and Bitcoin, with a full Bitcoin feature expected to launch in Q3. Web3Auth services cover over 500,000 end users, and this move also strengthens MetaMask’s global layout, especially in the Asian market.

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