Exodus Launches New Initiative for Seamless Web3 Access

Exodus, a leading crypto wallet provider, is launching a new product aimed at simplifying the Web3 user experience for newcomers.

Called “Passkeys Wallet,” this innovation allows users to easily create an encrypted, embedded wallet with just a single click.

David Reising, Exodus’ head of product, emphasized in an interview with CoinDesk that Passkeys Wallet eliminates the need for complex tasks like managing 12-word seed phrases or navigating different blockchain ecosystems separately.

The goal is to reduce friction in crypto adoption by offering a seamless UX similar to popular Web2 apps like Instagram or Facebook. Users can explore various dApps without signing up, email verification, or worrying about importing wallets.

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The wallet supports Ethereum Virtual Machine (EVM), Bitcoin (BTC), Solana (SOL), and other blockchains, ensuring compatibility across different dapps within the same interface.

Exodus is also facilitating easy funding through partnerships with payment processors, making it accessible for new users to engage with crypto applications.

Developers can integrate Passkeys Wallet using a few lines of code, leveraging Multi-Party Computation (MPC) technology for enhanced security. Exodus aims to collaborate closely with developers and share revenue from on-chain transactions.

Alexander Stefanov