Consensus has announced the acquisition of MyCrypto, an Ethereum wallet interface service, and its addition to the software company's suite of products.
The purpose is to integrate MyCrypto with ConsenSys' owned MetaMask wallet, in order to improve the security of all products and create a cohesive user experience across computer and mobile wallets, the company said. plugins and browser.
According to Coin Telegraph, Metamask currently has 21 million monthly active users, according to its website, and is one of the fastest growing Ethereum non-custodial wallets and browser extensions.
Dan Finley, co-founder of Metamask, said he expects the combination of Metamask's mobile applications, browser extensions, web product and desktop application of MyCrypto It will connect people to the world of Web3 in more ways.
Likewise, in a blog post, MyCrypto explained how it will work with MetaMask to lead the way to Web3 and that they have a common goal of creating the perfect wallet.
The characteristics of an ideal wallet include becoming increasingly decentralized and untrustworthy, prioritizing users' security and safety and providing seamless access across different user accounts, protocols, and networks.
MyCrypto has made it clear that the user experience will not change in the short term, regardless of small updates such as user experience improvements, network handling, error messages and dark mode.
No action is required from users of MyCrypto or MetaMask at this time. However, in the long term, both wallets will slowly merge into Ethereum's first comprehensive suite of open source and non-custodial product offerings.
