Trust Wallet, one of the top self-custodial and multi-chain wallets, has teamed up with Web3Auth to make the Web3 onboarding experience smoother and more accessible for everyone.
This partnership aims to boost user experience and speed up the mass adoption of Web3.
If you’ve ever tried setting up a wallet, you know it can be a tad complicated and stressful. Remembering and managing your seed phrase is crucial since it’s the key to your digital goodies. But, let’s face it, our human memory isn’t always reliable. That’s where Trust Wallet and Web3Auth come in to make our lives easier.
Trust Wallet’s new Multi-Party Computation (MPC) solution, powered by Web3Auth, takes seed phrase concerns off the table. Now you can quickly and securely access Trust Wallet services using your existing Google, Apple, Telegram, or Discord accounts.
They’re also introducing SMS OTP and email recovery options to step up security and convenience even more.
It’s like having a Web2-like experience in the Web3 world!
Eric Chang, Head of Product at Trust Wallet, shared his excitement about the collaboration, saying, “This is a significant step for us because it benefits everyone involved. Users can now enjoy an easy-to-use experience while still choosing a self-custodial wallet to manage their cryptocurrencies. By integrating with Web3Auth, we keep providing greater user experience and long-term value to boost broader Web3 adoption.”
With the new MPC two-factor solution, you can now dive into the Web3 world across more than 70 blockchains and still have full custody of your assets. It’s a game-changer, providing an alternative to the previously limited options of either a custodial wallet with easier access but lower transparency or a fully custodial wallet with more risk and complexity.
Zhen Yu Yong, the co-founder, and CEO of Web3Auth, believes that lost seed phrases are a significant risk for crypto losses. He sees the collaboration with Trust Wallet as a major milestone in making enterprise-grade MPC available to everyone and ushering in a new era of Web3 security.
So there you have it. With Trust Wallet and Web3Auth joining forces, we’re one step closer to a more user-friendly Web3 experience.