Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Tel Aviv, Israel, 12th April, 2022, Chainwire
- ZenGo becomes 1st Web3 crypto wallet resistant to account takeovers & private key hacking: Store NFTs and invest in DeFi in peace
- ZenGo is the first consumer-focused Web3 crypto wallet powered by multiparty computation (MPC), eliminating private key vulnerabilities, ensuring on-chain user control, and simplifying secure account recovery.
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, non-custodial wallets: complicated, confusing, difficult and risky to recover, and challenging to secure. ZenGo’s WalletConnect integration on Ethereum offers seamless access to Web3, opening the door to anyone who wants to participate in NFT and DeFi without the risks of private key management and unreliable wallet recovery. ZenGo will support additional blockchains with WalletConnect soon.
About ZenGo
ZenGo is a simple and secure crypto wallet app. Download the first Web3 wallet with no seed phrase to babysit or lose, secured by encrypted biometrics. Buy, trade, and earn up to 8% interest on your crypto assets. Connect to NFT & DeFi Dapps. Stay zen with our 24/7 in-app customer support.
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