ZenGo Crypto Wallet Launches Support for Web3, Bringing MPC Security to Everyday Users
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Tel Aviv, Israel, 12th April, 2022, Chainwire
ZenGo, the world’s leading simple & secure crypto wallet app powered by multiparty computation (MPC) technology, announces support for the WalletConnect protocol on the Ethereum blockchain - becoming the first multi-chain Web3 crypto wallet with account phishing protection and seamless wallet recoverability.
Every week, countless users lose funds because of private key phishing attacks via emails and social networks. In an industry first, ZenGo’s MPC technology and 5 unique patents offer a secure bridge to Web3: from NFTs and DeFi to gaming and Dapps, by eliminating seed phrases and private keys from the wallet experience. Leveraging ZenGo’s MPC security, users cannot compromise their own assets because of the usual pitfalls caused by private keys and poor key management. If the phone storing the wallet gets lost or stolen, ZenGo’s wallet recovery kit ensures stressless recovery, thanks to multi-factor biometric recovery.
ZenGo’s move to support the Web3 ecosystem will make it simpler and safer for crypto-native and crypto-curious users to mint, trade, store NFTs, get yield in DeFi, enjoy decentralized games, contribute to DAOs, and more.
According to ZenGo Co-founder and CEO Ouriel Ohayon, “ZenGo is committed to offering a uniquely human and zen user experience in an industry that is still chaotic, complicated, and confusing. To onboard the next 1 billion, we need products that provide a delightful, simple, and secure user experience. ZenGo’s integration with WalletConnect is a massive step forward for Web3 adoption and crypto as a whole.”
Until now, Web3 was only accessible via traditional,
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