Consensys Acquires Web3Auth to Reinvent MetaMask Onboarding

Consensys, the Ethereum infrastructure company behind the popular MetaMask wallet, said it has acquired Web3Auth, a provider of wallet infrastructure, in a move aimed at improving usability and developer accessibility across its platforms.Financial terms of the deal were not disclosed.The acquisition is designed to modernize MetaMask’s onboarding experience and tackle one of the most persistent challenges facing self-custodial crypto wallets: seed phrase management. According to Consensys, internal data indicates that 35% of MetaMask users fail to back up their seed phrases — a key vulnerability that can result in permanent loss of funds source: https://www.coindesk.com/tech/2025/06/02/consensys-acquires-web3auth-to-reinvent-metamask-onboarding