ConsenSys acquires MyCrypto to eventually merge with MetaMask
The MyCrypto and MetaMask products will continue to live independently in the near term, ConsenSys stated, but the goal is to merge features and brands in due time.
ConsenSys has acquired MyCrypto to team up with the market-leading Web3 wallet, MetaMask, under a shared banner to improve the security of all the products and create a cohesive user experience across desktop, mobile, extension, and browser wallets.
MyCrypto is a deep-rooted Ethereum interface launched in 2015 to provide secure and accessible solutions for web browsers and desktops.
Friends since 2016
MyCrypto has been one of the most stable and compatible wallets in Ethereum since its beginnings in 2015, providing secure and accessible solutions for web browsers and desktops. The Ethereum wallet has been friends with MetaMask since 2016, having collaborated recurrently to educate the Ethereum community on security best practices.
MetaMask requires little introduction. It has focused on general-purpose dapp interactions and has risen to become the world’s leading non-custodial crypto wallet for mobile and browser extensions with over 21 million monthly active users.
Although MyCrypto is now a sister company of MetaMask, they have partnered many times before. An example of this is MetaMask’s phishing detection service which utilizes MyCrypto’s CryptoScamDB.
Dan Finlay, co-founder of MetaMask, said: “MyCrypto has consistently been one of the most reliable and intercompatible 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, and our strong sense of shared ethics and goals for this ecosystem, I think we’ll be able to provide a wallet experience that is much more able to help its users make the best decisions through this rapidly evolving Web3 wallet landscape.”
Taylor Monahan, founder and CEO of MyCrypto, commented: “With the rapid growth of the ecosystem and products racing to ship slick features, it is imperative that the leading wallet continues to build foundational and secure self-custody tools that empower the user. Combining our years of experience and shared values allows us to accelerate our mission of providing a way for users to fully realize their self-sovereignty.”
The MyCrypto and MetaMask products will continue to live independently in the near term, ConsenSys stated, but the goal is to merge features and brands in due time.
MetaMask co-founders Dan Finlay and Aaron Davis, along with MyCrypto founder Taylor Monahan, will collectively be leading the unified Desktop, Mobile, Extension, and Browser product offerings.
As MyCrypto’s team of 12 employees join ConsenSys, the firm is expected to enrich its smart contract integrations by using MetaMask.
