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Unlocking Web3 With Web2

In an industry like Web3, often viewed as complex and confusing for the average individual, the importance of user accessibility has often been a recurring topic, especially in the context of adoption and security.

In an industry like Web3, often viewed as complex and confusing for the average individual, the importance of user accessibility has often been a recurring topic, especially in the context of adoption and security. While a lot of specific pain points may fall under this umbrella, they all follow a specific one, one that precedes any blockchain-related endeavor — wallet creation.

Indeed, having to write down one — or several — seed phrases may appear as a simple task at first, but maintaining their safety and secrecy throughout the years has proven to be a challenging task for many users across the globe. The idea of losing everything you have, beyond recoverability, has stricken fear in the hearts of potential investors throughout the years, and until very recently, the industry didn’t have any decentralized and non-custodial solutions to solve this long-standing pain point.

At SwapAcross, we believe we’ve finally found a viable answer that checks all the boxes, and you’d need to look no further than our very own smart wallet to see what’s in store. In fact, if you have any social media account on a major platform, you already have a crucial piece of the puzzle.

Web2: The Unexpected Key to Web3

As we said, the journey into Web3 can often be intimidating, especially for newcomers. Traditional methods of creating and managing wallets can be complex, deterring potential users, investors, and even companies. SwapAcross addresses this barrier head-on by allowing users to create non-custodial wallets using their social media accounts, enabling them to manage and access their funds without having to deal with storing and protecting delicate seed phrases.

By integrating various accounts like Gmail, Apple, Twitter, and Facebook for wallet creation, we significantly simplify the entry point into Web3. This approach not only attracts a broader audience but also demystifies the process of engaging with decentralized applications and technologies. In fact, the process is no different than linking accounts in Web2, opening the doors to the decentralized web with the click of a button.

Enhanced Security

For the uninitiated, traditional crypto wallets rely on a seed phrase for security — a series of 12 or 24 words that can also act as a vulnerability if not securely stored. Whether they’re encrypted in a digital file or stamped on a physical metal plate, their loss or compromisation may equal the total and absolute loss of all the funds stored within the respective address.

SwapAcross’s social media wallet integration introduces a new layer of security without having to venture into centralized and custodial territories. By leveraging existing trusted and regulated platforms, users can benefit from the advanced security measures these platforms provide, such as two-factor authentication and routine security updates. This method reduces the risk of losing access to wallets due to forgotten seed phrases or security breaches.

Efficient and User-Friendly

The integration of social media accounts streamlines the entire process of wallet setup and management. Whereas traditional methods can be time-consuming and technical, SwapAcross’s solution offers a quick, straightforward setup process. Users can now create a wallet in just a few clicks using an existing account. Whether they’re part of the Android or iOS ecosystem or whether they use Facebook or X (formerly Twitter), there are a variety of options to choose from, ensuring nobody gets left behind.

After all, a significant challenge in the adoption of Web3 technologies is the steep learning curve associated with its use. SwapAcross’s social media-linked wallets are a leap towards making these technologies more user-friendly. This feature is particularly beneficial for those who are not tech-savvy, offering a familiar interface and a simplified process. By reducing complexity, we aim to broaden not just our user base but also those of all blockchain-based projects, inviting more people to explore the possibilities within Web3.

Repositioning the Gears

It is difficult to overstate just how cascading the effects of seed storage are, as is the case with any prerequisite step towards something as complex as Web3. There is a reason why creating accounts on Web2 platforms is so easy and why parent social media accounts are used as the standard; one only needs to look at Web2’s popularity and usage to understand the effects of UX optimization. With SwapAcross, we are introducing that very standard to Web3, hoping to reach new milestones for the industry as a whole and unlock the next billion users that currently teeter on the fence.

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X (Twitter)