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Consensys has unveiled a new product. The MetaMask Delegation Toolkit aims to simplify decentralized app development. It also seeks to improve Web3 user engagement. The toolkit will be available on Ethereum Virtual Machine chains. These include Arbitrum, Avalanche, Base, Linea, Optimism and Polygon.

Cryptocurrency scams on Ethereum Virtual Machine (EVM) chains caused whopping $314 million in losses during the first half of 2024. This is a substantial and pretty worrying 6.44% increase from the same period last year. This data comes from a new report by blockchain research firm Scam Sniffer and