Apillon, a Polkadot developer tool kit platform, has introduced embedded wallets to streamline the Web3 login experience. Unlike traditional wallet hurdles, the embedded wallet engages with EVM-compatible blockchain using familiar login credentials.
Per an official release shared with Cryptonews, the Embedded Wallet SDK will create a Web3 on-ramp by integrating wallets directly into dapps.
These “user-friendly” wallets are built on the Oasis Network and bypass the complexities of web3. Further, the solution utilises confidential smart contracts, securely storing user data and private keys with encryption.
In short, the feature allows developers to build wallets that permits users to login via mail, passkeys and social accounts.
“By delivering a seamless login experience, we’re opening the doors to Web3 for a much larger audience. We aim to break down the barriers that have kept users from using decentralized technologies,” said Matjaž Sobočan, CEO at Apillon.
“Cooperating with Oasis Network enhances this solution with its privacy-focused blockchain environment,” the company noted. As a result, it ensures that transactions, usernames, passwords, and other sensitive data remain secure with the privacy-first Oasis’s modular architecture.
The ease of integration with the embedded wallet creates a bridge between Web2’s simplicity and Web3’s security, the release added.
Need For Web3 Advanced Security Solutions
The advantages of Web3 illustrate its potential to revolutionise online experiences. However, the security risks accompanying its features have diversified significantly.
In 2023, several wallets, password managers and even Telegram bots were compromised. According to Blockchain Security Alliance’s Web3 Security 2023 report, 130 DeFi attacks have caused total losses of about $408 million.
To address these issues, embedded wallets simplify blockchain interactions by eliminating the need for users to have extensive knowledge about private keys or seed phrases. These wallets also provide improved recovery options, reducing the risks associated with losing access to digital assets.
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