MetaMask said on Sept. 9 that it is entering a new phase as a standalone company, with a corporate restructuring that changes how the business is organized but leaves current users unaffected. According to the announcement, Consensys Software Inc., the company previously behind MetaMask, will be renamed MetaMask and will focus fully on the consumer platform. At the same time, protocol and institutional infrastructure businesses, including Linea, will be placed into a new company that will continue to use the Consensys name.
MetaMask said the change will not affect existing users. The app, user assets, private keys, and access permissions will all remain the same, and the company said no action is required from users. Looking ahead, MetaMask said it plans to concentrate resources on expanding beyond its role as a crypto wallet into a platform where users can hold, spend, trade, and grow funds. The company described that direction as "open money."
MetaMask said on Sept. 9 that it is entering a new phase as a standalone company, effective immediately.
Under the restructuring, Consensys Software Inc., the company previously behind MetaMask, will be renamed MetaMask and will focus entirely on the consumer platform. Protocol and institutional infrastructure businesses, including Linea, will be placed into a new company that will continue operating under the Consensys name.
No change for existing users
MetaMask said the reorganization will not affect current users. The app, user assets, private keys, and access permissions will remain unchanged, and users do not need to take any action.
MetaMask to focus resources on its consumer platform
The company said it will direct resources toward developing MetaMask, with the aim of expanding it from a crypto wallet into a platform where users can hold, spend, trade, and grow funds. It described that positioning as "open money."
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