Consensys acquired Web3Auth to enhance MetaMask by improving seed phrase management and integrating user-friendly Web2 login features, significantly easing the onboarding process.
This acquisition allows MetaMask to broaden its reach in Asian markets, providing support for non-EVM chains such as Bitcoin and Solana, thus attracting a diverse user base.
With a market cap of 315.96 billion USD, Ethereum has seen a substantial price increase to 2,617.22 USD, reflecting investor confidence and aligning with trends towards simplified user access.
Leave a Reply