ConsenSys Acquires MyCrypto to Strengthen MetaMask Partnership and Enhance Web3 Experiences
Today, ConsenSys announced the acquisition of MyCrypto, a deep-rooted Ethereum interface, to team up with the market-leading Web3 wallet, MetaMask. MetaMask and MyCrypto will be combining their efforts under a shared banner to further improve the security of all the products and create a cohesive user experience across desktop, mobile, extension, and browser wallets.
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. MetaMask 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. By combining their shared values, talent, and goals, MetaMask and MyCrypto will be able to provide users with a heightened experience that is even more extensive and secure.
The MetaMask and MyCrypto teams have been friends and Ethereum colleagues since 2016. They’ve weathered fluctuations in market cycles and also have collaborated recurrently to educate the Ethereum community on security best practices. Engineers at both companies helped integrate and maintain public goods such as MetaMask’s phishing detection service, which utilizes MyCrypto’s CryptoScamDB. User security and education will continue to be a major priority.
“MyCrypto has consistently been one of the most reliable and incompatible 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,” said Dan Finlay, co-founder of MetaMask.
“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,” added Taylor Monahan, founder and CEO of MyCrypto.
The MyCrypto team’s experience building smart contract integrations will make it possible to have more rich integrations in MetaMask.
The MyCrypto and MetaMask products will continue to live independently in the near term with the eventual goal of merging features and brands. Within the MetaMask team, 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. MyCrypto’s team of 12 employees will be joining ConsenSys. MetaMask is always looking for passionate developers to help build the decentralized web. View open roles at https://consensys.net/open-roles/.
Please visit MyCrypto’s blog for more information on this acquisition.
MyCrypto is an open-source interface that allows you to manage your Ethereum accounts in a safe and accessible environment. Developed by and for the community since 2015, we’re focused on building awesome products that put the power in people’s hands. For more information please visit https://www.mycrypto.com.
ConsenSys is the leading Ethereum software company. We enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Our product suite, composed of Infura, Quorum, Codefi, MetaMask, Truffle, Diligence and our NFT platform, serves millions of users, supports billions of blockchain-based queries for our clients, and has handled billions of dollars in digital assets. Ethereum is the largest programmable blockchain in the world, leading in business adoption, developer community, and DeFi activity. On this trusted, open-source foundation, we are building the digital economy of tomorrow. To explore our products and solutions, visit http://consensys.net/.
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