Ditch Seed Phrases? SafeAuth Introduces Social Logins For Crypto Wallets
Portfolio Pulse from Murtuza Merchant
Web3Auth has partnered with Safe to launch SafeAuth, a new service that aims to simplify the use of crypto wallets by using social logins instead of seed phrases. SafeAuth employs Multi-Party Computation for enhanced security and user convenience. It allows users to access over 190 dApps, including Aave, with a single smart account, promoting interoperability within the blockchain ecosystem.
December 05, 2023 | 6:52 pm
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SafeAuth, a collaboration between Web3Auth and Safe, enhances user accessibility to dApps, including Aave, by using social logins. This could increase user engagement with Aave's platform.
The introduction of SafeAuth is likely to simplify the user experience for accessing dApps, which could lead to increased usage of platforms like Aave. As Aave is directly mentioned as one of the applications compatible with SafeAuth, this partnership could positively impact Aave's user base and engagement in the short term.
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IMPORTANCE 60
RELEVANCE 70