A project I've been helping to build at @coinbase for ~2 years was announced today: Wallet-as-a-Service, or WaaS. My career conviction is that WaaS will on-board the next wave of Web2 enterprise companies on to crypto https://www.coinbase.com/blog/coinbase-announces-wallet-as-a-service-now-any-company-can-seamlessly
WaaS provides network-agnostic APIs to create crypto wallets and interact with blockchains. It handles everything from address derivation, to nonce management, to complex transaction orchestration
Good god, this is so smart Congrats dude!!!! 🎉👏 💪 From trying to spin up web2-friendly wallets ourselves, I would express a some super key features as: 1. Awesome fiat->crypto onramping 2. Create wallet with social / email 3. Gas sponsorship 4. Transaction bundling Know you guys will nail #1, curious bout
Congrats on this! First question: how would you explain the benefit of this to a web2 product person breaking into web3 — WaaS over using walletconnect. Second question: would you be down to explain that on my new podcast which helps crypto noob product/devs identify the right tools to build with.
Congrats! I'd love to see this in a demo or something I'm not gonna lie! My dream idea for 0x Society is that people can come any day, and buy an NFT without the headache if they are not crypto native. Maybe this is the solution 🤔
I've several questions regarding the consumer facing MPC model. If this is true MPC then each customer's user must store their own keyshare, or is this a single keyshare for each customer for all their users?
This is neat. Just reached out to sales to learn more
Love to see it! Web+ is the wallet aware generation. Haven’t dug in but any identity service plans? DIDs and VCs? Would love to chat about that component.
Congrats for getting the project out the door! That's pretty wild to work on something for 2 years.
Important work, well done! Any docs as to where the users keys are stored? On share on your server and the other one on users device? Or will apps be responsible to hold the users keys?