☮️ Making Web3 More User-Friendly
Today's Highlights
- Making web3 friendly to onramp the next billion users
- This Week On BuzzBelow - a recap on this week's topics.
- In Other News - a few interesting developments we're tracking.
Making web3 friendly to onramp the next billion users
Ramper is building solutions to make web3 intuitive and user-friendly, removing friction preventing the adoption of web3. As decentralized applications like DeFi, P2E games, NFTs and DAOs start to create a new wave of crypto-native use cases, more mainstream users are being onboarded onto web3. The problem today with these applications is that users new to the crypto space are forced to take multiple steps elsewhere just to become eligible to sign up. There is a hurdle to download the right wallet client, install its supporting browser extension, store the private key, then transfer crypto into their wallet through an exchange, which they need to create an account for separately if they have not done so easily.
Ramper is building a suite of SDK/API for developers to onramp users quickly. This lets users login via email or other familiar login methods without the need to download wallets, install browser extensions, or store private keys. And it also lets users convert local currency into crypto directly in-app without the need to create an account on a third-party exchange.
One of the main advantages of Ramper is that the user’s wallet is never exposed outside a secure environment. No DApps integrating Ramper SDK/API will ever get access to user’s private keys. The cloud-based key management solutions create multiple wallets for the same user. But at Ramper they’ve designed a system where the private key is never exposed to DApps. This security enhancement enables Ramper to maintain a single wallet address per user across an infinite number of DApps.
Ramper has raised a total of $3M in funding. Sisun Lee, Hoa Mai, Karl Jin, Chris Yang are the co-founders of Ramper.