Consensys has acquired Web3Auth, a Web3 authentication platform, to enhance its products like MetaMask with improved wallet features and security measures. Web3Auth, which supports nearly 50 million users and over 8,200 dApps, will maintain its brand identity while integrating social logins and multi-factor authentication to streamline onboarding. This acquisition reflects a trend in the Web3 space towards prioritizing user experience and security through advanced technologies like multi-party computation.