Consensys Splits MetaMask From Its Institutional and Ethereum Infrastructure Units
(45 days ago) · 1 source · Summarized by CryptoBipto
Consensys, the blockchain software company behind MetaMask and other Ethereum tools, has announced it is separating MetaMask into a distinct entity from its institutional and Ethereum infrastructure businesses. The restructuring divides the company's consumer-facing wallet product from its enterprise and developer-focused services. Details on the exact corporate structure and leadership of the new entities have not been fully disclosed.
WHY IT MATTERS
MetaMask is one of the most popular crypto wallets — think of it like a digital version of a physical wallet that lets you store cryptocurrency and interact with apps built on Ethereum. Consensys, the company that makes MetaMask, also builds behind-the-scenes tools that developers and large institutions use to connect to the Ethereum blockchain. By splitting these into separate businesses, the company is essentially saying that a consumer wallet and enterprise infrastructure tools are different enough to deserve their own dedicated teams and strategies. For newcomers, this is a useful reminder that the crypto industry has many layers: there are products built for everyday users and entirely separate products built for developers and corporations, even when they come from the same parent company.
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- theblock.co
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