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About Privy
Industries
Enterprise Software
Cybersecurity
Crypto & Web3
Company Size
11-50
Company Stage
Series A
Total Funding
$25.6M
Headquarters
New York City, New York
Founded
2021
Overview
Privy.io provides a library solution for developers to integrate authentication flows and embedded wallets into their web3 applications. This solution simplifies the onboarding process for users, allowing them to link multiple external wallets and create adaptable accounts. By focusing on ease of use, Privy.io enables developers to concentrate on their products without the hassle of managing multiple tools. The platform integrates with popular frameworks like Wagmi and Ethers, ensuring quick setup and scalability across devices and browsers. A standout feature is its full customizability, which allows businesses to tailor the user experience to match their brand. Security is a top priority, with ongoing improvements in infrastructure and application security. The goal of Privy.io is to enhance user acquisition for web3 products by providing a seamless and secure onboarding experience.
Simplify's Take
What believers are saying
- Partnerships with dYdX and OpenSea expand Privy's reach in DeFi and NFT markets.
- Integration with Telegram Mini Apps taps into 900 million active users globally.
- $18M Series A funding boosts development of Privy's onboarding toolkit and identity platform.
What critics are saying
- Competition from established players like OpenSea could impact Privy's market share.
- Regulatory scrutiny on DeFi platforms may affect Privy's partnership with dYdX.
- Telegram's controversial reputation may hinder adoption of Privy's Mini Apps integration.
What makes Privy unique
- Privy offers a single library for authentication and embedded wallets in web3.
- The platform integrates with Wagmi and Ethers for quick developer onboarding.
- Privy emphasizes full customizability for consistent brand experiences across applications.
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Funding
Total Funding
$25.6M
Above
Industry Average
Funded Over
2 Rounds
BoxGroupIndustry standards
Growth & Insights and Company News
6 month growth
↑ 9%1 year growth
↑ 9%2 year growth
↑ 14%Additionally, Pump.fun now integrates with Privy, enabling users to log in using non-custodial wallets for added convenience and security.
Join gaming leaders live this May 20-21 in Los Angeles to examine the strategies needed to adapt and excel in an ever evolving landscape, featuring insights from leading voices and thought leaders in the industry. Register here. Inco, the developer of a universal confidentiality layer for Ethereum and other networks, has announced its partnership with Privy to enable games on Telegram that preserve user privacy.Inco is trying to make it easy for crypto app developers to onboard their users and get them to securely build on-chain products as Telegram Mini Apps (and games on top of them). Telegram is one of the most used social media platforms worldwide with 900 million monthly active users. It’s particularly popular in countries such as Russia and India, and among cryptocurrency users for its privacy features.Telegram Mini Apps (TMAs) are web apps that run inside Telegram Messenger and are accessible via individual or group chats. From there, users can launch an embedded web interface with an experience similar to other popular in-app browsers — and launching a TMA is as simple as starting a chat conversation with an app’s Telegram handle
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. One of the leading DeFi protocols for advanced crypto trading, dYdX, took to Twitter, now X, to announce their new collaboration with Privy. dYdX, a decentralized exchange focusing mainly on perpetual futures trading, entered the partnership to enable its users to create new accounts using their already existing social media credentials or email. dYdX announced on 9th April 2024 that users will now have a straightforward approach to creating accounts with them
To facilitate this new offering, OpenSea has partnered with Privy, a New York-based tech firm known for providing infrastructural support to developers.
Nov. 22: Privy, a crypto startup focused on consumer tools, has raised $18 million in a Series A round led by Paradigm, with participation from earlier investors including Sequoia Capital, BlueYard Capital and Archetype, according to a blog post: "With this new funding, we will grow our team and continue to drive the development, security, and scalability of our onboarding toolkit and identity platform."
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About Privy
Industries
Enterprise Software
Cybersecurity
Crypto & Web3
Company Size
11-50
Company Stage
Series A
Total Funding
$25.6M
Headquarters
New York City, New York
Founded
2021
Privy is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today