Consensys to Split as MetaMask Becomes Independent

Consensys Software Inc. is set to become MetaMask under a restructuring that separates the company’s wallet business from its blockchain infrastructure operations, according to Decrypt. A newly formed Consensys will assume responsibility for the firm’s Ethereum protocols and institutional blockchain infrastructure business. The change places MetaMask and the Ethereum-focused activities under separate entities, although the supplied information does not provide further details on the structure, timing or management of the transition. The split is relevant to the Ethereum ecosystem because it separates one of its prominent wallet products from the business focused on protocols and institutional infrastructure. No financial terms or changes to MetaMask’s products were disclosed in the source material.