According to Foresight News, The Block reported that ConsenSys acquired Web3Auth, a wallet infrastructure provider, aiming to simplify MetaMask seed phrase management through Web2 login methods and improve user experience. Additionally, this acquisition will accelerate MetaMask's support for non-EVM chains (such as Solana and Bitcoin network), with plans to achieve full Bitcoin network support in Q3, while providing developers with smoother embedded wallet SDK and key management tools.
Consensys acquires Web3Auth to improve MetaMask experience and accelerate Bitcoin support
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