ConsenSys Purchases Ethereum Wallet Operator MyCrypto
ConsenSys has just bought the ETH wallet operator MyCrypto. According to ConsenSys’ CEO Joseph Lubin, the MyCrypto team will join the MetaMask development effort. He has said:
“We are very excited to bring the @MyCrypto team to @MetaMask! The two teams have been friends and Ethereum colleagues with shared values since 2016. Together we will continue to build increasingly user-centric, extensible, and decentralized products.”
The parties have not disclosed the financial terms of the deal. The Ethereum wallet team of 12 will join ConsenSys. MyCrypto founder Taylor Monahan will co-lead MetaMask with co-founders Dan Finlay and Aaron Davis.
According to the press release, MyCrypto devs will not stop supporting their product in the near future — it will continue to exist independently of MetaMask. However, the ultimate goal is to “combine features and brands.”