TL;DR
- Exodus has launched Passkeys Wallet to easily integrate wallets into Web3 applications seamlessly.
- The wallet uses MPC to enhance security by distributing private key management.
- Compatible with Ethereum, Bitcoin, and Solana, it facilitates asset management across different blockchains.
Exodus has rolled out its latest innovation, Passkeys Wallet, aimed at radically simplifying user experience within the Web3 ecosystem. The new wallet, announced on July 9, 2024, allows users to seamlessly integrate their wallets into any application or platform without the need for seed phrases, complex browser extensions, or email verifications.
The initiative addresses one of the major challenges for widespread adoption of decentralized technologies: the complexity of starting and using decentralized applications (DApps). With Exodus Passkeys Wallet, users can create their “Passkey” with just one click. Establishing a self-custodial wallet that ensures full control over their digital assets quickly and efficiently.
Tomorrow 👀 https://t.co/7fa4KVa95q
— Exodus – Crypto Wallet (@exodus_io) July 8, 2024
A standout feature of Passkeys Wallet is its use of Multi-Party Computation (MPC) technology. Which distributes private key management among multiple parties to enhance security. This not only protects users’ assets but also enables spending limits and other security measures without compromising self-custody.
Exodus Aims to Ease User Onboarding into Web3
In addition to its focus on security and ease of use, Passkeys Wallet supports blockchains such as Ethereum, Bitcoin, and Solana. Allowing users to access and manage assets across different blockchain ecosystems without switching applications.
For developers, Exodus has simplified the integration of Passkeys Wallet into their applications. Requiring just a few lines of code, and offers additional incentives through revenue sharing on on-chain transactions conducted through the integrated wallet.
Exodus, renowned for its self-custodial wallet initially launched in 2016 and traded on the OTC market under the ticker EXOD. Continues its journey towards broader and more accessible cryptocurrency adoption. While its plans to list on NYSE American are on hold. The launch of Passkeys Wallet underscores its commitment to enhancing user experience in Web3.
The waitlist is now open for those interested in trying out Passkeys Wallet. Exodus invites users and developers alike to explore this new tool promising to simplify and secure access to the decentralized digital economy.
