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About Web3Auth
Industries
Cybersecurity
Crypto & Web3
Company Size
11-50
Company Stage
Series A
Total Funding
$15M
Headquarters
Singapore, Singapore
Founded
2018
Overview
Web3Auth provides authentication solutions for Web3.0 wallets and applications, aiming to simplify the onboarding process for users of decentralized applications (DApps). Their product utilizes Multi-Party Computation (MPC) threshold cryptography to enhance security while making it easier for users to manage their keys without complex seed phrases. This approach addresses a common barrier for new users in the blockchain space. Web3Auth differentiates itself from competitors by focusing on user-friendly solutions that help developers and companies integrate seamless authentication into their services, which can lead to higher user conversion rates and fewer support issues. The company's goal is to facilitate broader adoption of decentralized technologies by making it easier for mainstream users to engage with Web3.0.
Simplify's Take
What believers are saying
- Increased adoption of social logins enhances user convenience and onboarding in Web3 applications.
- Partnerships with platforms like Flare simplify app logins, boosting user retention.
- Integration with gaming platforms like ChainSafe opens new markets for Web3Auth.
What critics are saying
- Emergence of competitors like Best Wallet could divert potential customers from Web3Auth.
- Rapid technological advancements may lead to superior authentication solutions surpassing Web3Auth.
- Potential security vulnerabilities in MPC technology could undermine user trust.
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 platforms like Zilliqa and Google Cloud for broad accessibility.
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Funding
Total Funding
$15M
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.
There are no jobs for Web3Auth right now.
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About Web3Auth
Industries
Cybersecurity
Crypto & Web3
Company Size
11-50
Company Stage
Series A
Total Funding
$15M
Headquarters
Singapore, Singapore
Founded
2018
There are no jobs for Web3Auth right now.
Find jobs on Simplify and start your career today