According to Odaily, Consensys has acquired the cryptocurrency security application, Wallet Guard, to enhance the security of MetaMask. The specific amount involved in the transaction has not been disclosed. As part of the deal, the entire Wallet Guard team will join Consensys.
Consensys plans to integrate Wallet Guard's browser extension and security engine features to further protect MetaMask users' wallets, digital assets, and data from theft, scams, and fraud. The integration of Wallet Guard's technology into MetaMask is expected to significantly improve the security of the platform, providing users with a safer environment for their digital transactions.
The acquisition of Wallet Guard by Consensys is a strategic move to bolster the security of MetaMask, a popular tool among cryptocurrency users. This move is expected to enhance the trust and confidence of users in the platform, thereby promoting its wider adoption in the digital asset space.