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About Web3Auth
Industries
Cybersecurity
Crypto & Web3
Company Size
11-50
Company Stage
Series A
Total Funding
$14.6M
Headquarters
Singapore, Singapore
Founded
2018
Overview
Web3Auth offers authentication infrastructure for Web3.0 wallets and applications, focusing on simplifying the onboarding process for users of decentralized applications (DApps). It uses Multi-Party Computation (MPC) threshold cryptography to provide secure key management without complex seed phrases, making it easier for new users. Unlike its competitors, Web3Auth emphasizes user-friendly solutions that help developers create seamless onboarding experiences for their users. The company's goal is to promote the broader adoption of decentralized technologies by making them more accessible and secure.
Simplify's Take
What believers are saying
- Increased adoption of social logins aligns with Web3Auth's user-friendly authentication focus.
- Partnership with Google Cloud expands Web3Auth's reach to traditional cloud service users.
- SafeAuth collaboration eliminates seed phrases, reducing barriers for new Web3 users.
What critics are saying
- Emerging competitors like Best Web3 Inc. could capture market share with similar solutions.
- Rapid Web3 technological advancements may outpace Web3Auth's current offerings.
- Dependency on partnerships like Google Cloud could impact operations if terms change.
What makes Web3Auth unique
- Web3Auth simplifies Web3 onboarding with familiar social logins like Google and Facebook.
- The company uses MPC threshold cryptography for secure, user-friendly key management.
- Web3Auth integrates with major blockchains like Zilliqa and XRP Ledger for seamless authentication.
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Funding
Total Funding
$14.6M
Below
Industry Average
Funded Over
2 Rounds
Industry standards
Company News
NEW YORK, Nov. 19, 2024 /PRNewswire/ -- Best Web3 Inc. introduces Best Wallet, an easy-to-use crypto wallet that allows users to seamlessly buy, swap, receive, and sell cryptocurrencies like Bitcoin, Ethereum, Solana, and USDT.Best Wallet supports thousands of cryptocurrencies on 50+ major blockchains, making it the best place for crypto users to access and manage their assets
Zilliqa Research Pte. Ltd. is excited to announce that Web3Auth is now integrated with the Zilliqa EVM, bringing simple, hassle-free logins to the EVM-compatible Zilliqa network.
With this in mind, Chainlens Blockchain Explorer is proud to announce its latest integration with Web3Auth, a leading provider of seamless authentication solutions for decentralized applications.
Web3 wallet infrastructure provider Web3Auth has announced the launch of the XRP Ledger MPC (Multi-Party Computation) wallet.
Supply: PexelsWeb3Auth, a wallet-as-a-service infrastructure supplier has teamed up with the sensible contract-based multi-signature crypto pockets supplier Protected (previously generally known as Gnosis Protected) to launch "SafeAuth" a service which permits customers to create wallets shortly with out the necessity for seed phrases.
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About Web3Auth
Industries
Cybersecurity
Crypto & Web3
Company Size
11-50
Company Stage
Series A
Total Funding
$14.6M
Headquarters
Singapore, Singapore
Founded
2018
There are no jobs for Web3Auth right now.
Find jobs on Simplify and start your career today