1Password integrates security API into Phantom Wallet

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Digital security service 1Password has announced a collaborative partnership with Phantom Wallet to allow asset holders to incorporate their vast accumulation of public key addresses, seed phrases and other related security details into a ‘save in 1 password’ system.

Currently operating primarily in the traditional financial sector, 1Password has over 100,000 corporate clients across a range of industries, including well-known brands such as IBM, Slack, Shopify and Under Armour.

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1Password’s Application Programming Interface (API) aims to simplify the user experience, enable asset sovereignty, and help investors adequately manage their cryptocurrencies and non-fungible tokens (NFTs) held on the Solana blockchain portfolio. to provide responsibility.

A centralized entity at its core, some would argue that 1Password challenges the ideological consensus of the Web3 industry, countering the often proclaimed trust thesis, with a conscious emphasis on security proofs and loss prevention.

RELATED: Cointelegraph Magazine: What Is Web3 Anyway?

Consumers familiar with the conversation in the e-commerce and social profiling markets have gained vast experience navigating the tedious password login and storage processes. Upon entering the cryptocurrency space, a comprehensive education on the complex nuances of digital wallet security is vital to the security and de facto ownership of assets acquired.

Cointelegraph asked Matt O’Leary, Vice President of Partnerships for 1Password, for an in-depth assessment on the topic of security, as well as whether the prevalence of hacking and exploits in the decentralized finance (DeFi) space has catalysed the need. contacted. And follow-up innovations for security solutions like 1Password.

O’Leary said that “it’s important to note that crypto wallet logins are much more complex than the average login, made up of long chains of characters and word strings that must be remembered and entered without error.” should”, before commenting:

1Password’s partnership with Phantom is a great example of innovation conquering this challenge… This human-centered approach to crypto wallet security was created with the end user in mind, making crypto safe and secure. Investing just got easier than ever.

O’Leary expects Phantom to be the first of several crypto-themed partners to integrate within the company’s flagship service, Save in 1Password, in the coming months.

Cointelegraph also spoke to Brandon Millman, CEO and co-founder of Phantom Wallet, to learn more about their macroscopic vision for the digital wallet security market as we move toward a conceivable utopia of mainstream adoption.

“For crypto and web3 to go mainstream, people need to feel confident in the safety and security of their assets. The stories of people losing crypto or getting hacked can be intimidating.

Millman continued to point out that “the benefits of a non-custodial wallet in terms of personal control and freedom also come with the added responsibility of managing individual keys.”