• Recent data shows that 35% of users do not back up their seed phrases, leading to a significant risk of fund loss. 

  • With Web3Auth’s wallet infrastructure, MetaMask users will be able to create and recover wallets using familiar web2 authentication methods such as social logins and device-based authentication, eliminating the requirement for users to back up seed phrases themselves and reducing the risk of lost funds.

  • For application developers, this acquisition means access to embedded wallet SDKs and key management infrastructure that simplify wallet management. Beyond onboarding, they can look forward to deep integrations with MetaMask (incl. Infura and Delegation Toolkit) and the wider web3 ecosystem, providing a new unique gateway to onboarding the next billion users. 

Fort Worth , Texas, USA, June 2, 2025 — Consensys, a leading Ethereum and web3 software technology company, today announced the acquisition of Web3Auth, a premier provider of key management and embedded wallet infrastructure for web3 applications. This acquisition will greatly improve MetaMask user experience by addressing one of the biggest risks in self-custody today: seed phrase management. It will also strengthen MetaMask’s position as a go-to solution for embedded wallet infrastructure for developers.

Recent data shows that 35% of users do not back up their seed phrases, putting them at risk of fund loss. By integrating Web3Auth’s capabilities, MetaMask users will be able to create and recover wallets using familiar web2 authentication methods, such as social logins and device-based authentication, eliminating the requirement for users to manually back up seed phrases, reducing the likelihood of lost funds. 

For developers, the acquisition unlocks access to embedded wallet SDKs and key management infrastructure that simplify wallet management. With deeper integrations into MetaMask (incl. Infura and Delegation Toolkit) and the broader web3 ecosystem on the horizon, developers can now offer smoother onboarding experiences—paving the way for the next billion users to enter web3.

“We are so excited to announce that we've been working with Web3Auth for some time to pioneer a next-generation approach to web3 wallet infrastructure. Integrating Web3Auth's cutting-edge authentication technology aligns with our mission to make web3 universally accessible. This integration enhances MetaMask's capabilities significantly, embodying our belief that the best web3 wallets will seamlessly integrate an infrastructure that supports a wide range of empowering features. These include frictionless onboarding, customizable interfaces, extensive ecosystem connectivity reminiscent of a mycelium network, configurable security for varying needs, and maximal protections in high-security contexts. This acquisition underscores our commitment to enhancing user experience and security, paving the way for mainstream adoption,” said Joseph Lubin, Founder & CEO of Consensys. 

Simplifying web3 for the Next Billion Users

Founded in 2019 with the mission to make digital ownership and identity accessible to all, Web3Auth supports nearly 50 million end users and powers more than 8,200 dapps across the web3 ecosystem. By bringing Web3Auth’s capabilities into MetaMask, Consensys aims to remove key pain points that have historically hindered adoption:

  • Frictionless Onboarding: Web3Auth’s multi-factor authentication will allow new users to set up wallets using familiar web2 authentication methods, eliminating the need for users to backup seed phrases themselves.

  • Secure Account Recovery: Users can recover their wallets using social logins and device-based authentication, reducing the risk of lost funds.

  • Unique Embedded Wallet Synergies: Web3Auth’s technology will provide  developers with a powerful edge to onboard millions of new users with deeper integration with MetaMask (incl. Infura) and the broader web3 ecosystem. 

  • Multi-Chain Expansion: The acquisition accelerates MetaMask’s support for non-EVM chains in MetaMask developer offering, including Solana and Bitcoin, eventually enabling seamless cross-chain transactions.

  • Account & Chain Abstraction: The combination of Web3Auth muti-factor and Embedded Wallet with MetaMask Delegation Toolkit & Framework will accelerate progress towards a seamless and gasless user experience across chains.

“This is a monumental step forward for the team at Web3Auth. We are proud to join forces with Consensys to bring our wallet infrastructure to millions of MetaMask users, simplifying access to web3 through seamless and secure authentication,” said Zhen Yu Yong, CEO of Web3Auth. “We’re excited for this next chapter, which unlocks powerful new capabilities for developers — including deeper integrations into Metamask and the wider web3 ecosystem for their users. Together, we’re laying the foundation for a more unified web3 experience for both end users and developers. With Consensys, we’re better positioned than ever to deliver on the promise of onboarding the next billion users on-chain”.

Dan Finlay, Co-founder of MetaMask, added: “The future of using web3 is going to be full of embedded wallets that enable blockchain integrations to be nearly invisible, and minimize user interactions to the meaningful ones. Web3Auth has developed a rich, cross-protocol capacity for enabling key backup from a variety of classically web2 backup solutions. Together, we think we can help build the best of both worlds: a decentralized web that is invisible as much as it can be, but can show up when a user is ready to tap into its power. Combined with MetaMask’s Delegation Toolkit, we think we can provide the best of invisible embedded accounts with no confirmation messages, but with a seamless path to interconnect those applications to the user's wallet, and in turn other applications”. 

The integration of Web3Auth’s technology will proceed in phases, initially concentrating on integrating our developer offerings and accelerating adoption of seamless embedded wallets. As of today, we are proud to announce a first integration of MetaMask for Developers and Web3Auth offerings with:

Future milestones will follow, including implementing multi-factor user onboarding for the MetaMask Extension and Mobile, increasing MetaMask user safety and empowering the ecosystem of embedded wallets with MetaMask’s capabilities.

Additionally, Web3Auth’s strong presence in Asia, one of the most dynamic and rapidly growing web3 markets, will further expand MetaMask’s global footprint, strengthening adoption in key regions where web3 innovation is thriving. Consensys will also work closely with ecosystem partners to implement Web3Auth’s embedded wallet  solutions across the broader web3 landscape.

Consensys' acquisition of Web3Auth follows its strategic move in acquiring Wallet Guard ten months prior, enhancing MetaMask security. This follows previous successful acquisitions, including Special Mechanisms Group (SMG) and HAL in 2023, and MyCrypto in 2022, as Consensys continues to consolidate its position in the web3 and blockchain industry.

Media Contact

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About Consensys

Consensys is the leading Ethereum software company, building the infrastructure, tools, and protocols that power the world’s largest decentralized ecosystem. Founded in 2014 by Ethereum co-founder Joseph Lubin, Consensys has played a foundational role in Ethereum’s growth, from pioneering products like MetaMask and Linea to shaping protocol development and staking infrastructure. Today, Consensys continues to lead Ethereum’s evolution through strategic R&D, and direct contributions to network upgrades. With a global product suite, and deep roots across the ecosystem, Consensys is uniquely positioned to accelerate Ethereum’s role as the trust layer for a new global economy, one that is decentralized, programmable, and open to all. To explore Consensys’ products and solutions, visit https://consensys.io.

About Web3Auth

Web3Auth is the leading Wallet-as-a-Service (WaaS) provider that empowers every user to manage a non-custodial wallet intuitively. It leverages on enterprise-grade Multi-Party Computation and Account Abstraction tooling, alongside social logins, biometrics, OIDC, FIDO for a familiar yet seamless user experience. Web3Auth works with Fortune 500 brands like NBCUniversal, Fox Media, McDonalds, SK Planet and Web3 pioneers like Trust Wallet, Metamask, Keplr, Kukai, Skyweaver among others. To date, it is proud to be supporting thousands of Web3 projects with more than 12 million monthly users. The organization is growing beyond Series A, and backed by Sequoia Capital, Union Square Ventures, Binance, and more. For more information, please visit https://web3auth.io/