Kana Labs, a prominent blockchain infrastructure company based in the UK, has announced a strategic partnership with IoTrust, a specialist in Web3 wallet solutions. This collaboration is set to integrate Kana Labs’ advanced account abstraction infrastructure, Mirai SDK, into IoTrust’s enterprise wallet service, known as WEPIN Wallet. The primary goal of this partnership is to develop more user-friendly Web3 services tailored for corporate customers.
Enhancing User Experience with Mirai SDK
By incorporating Kana Labs’ account abstraction technology into the WEPIN Wallet, the partnership aims to simplify the complex account management processes on the blockchain. This integration is expected to facilitate a smoother transition for Web2 companies moving into the Web3 space. A key feature of the Mirai SDK, the Paymaster, enables companies to cover blockchain network fees on behalf of their users, thus providing a Web3 service experience without the typical hassle of gas fees.
This development means that users will no longer have to navigate various technical challenges associated with cryptocurrency transactions. These challenges include dealing with seed phrases, switching between different apps and wallets for various chains, enduring long transaction processing times, multiple authentication steps, and the need to hold source tokens for paying gas fees. For more details on Kana Labs’ account abstraction SDK, their official documentation provides comprehensive information.
WEPIN Wallet: A User-Friendly Solution
IoTrust’s WEPIN Wallet offers a comprehensive solution that includes an easy-to-use SDK and API. This allows even companies without blockchain development expertise to integrate their wallet into an app or web platform within just five minutes. With the addition of Kana Labs’ account abstraction technology, corporate customers can now create Web3 services that provide enhanced user convenience and accessibility, closely mirroring the familiar Web2 environments they are accustomed to.
Commitment to Innovation and User Experience
An official from IoTrust highlighted that the collaboration with Kana Labs positions WEPIN Wallet as a premier partner in the Web3 service development process for corporate clients. IoTrust is dedicated to innovating and ensuring that companies can deliver the best Web3 experience to their customers.
A representative from Kana Labs expressed enthusiasm about the partnership, indicating that it aligns with their vision of popularizing Web3 through account abstraction technology. This partnership is expected to strengthen the positions of both companies in the global Web3 market.
Expanding the Web3 Ecosystem
Recently, IoTrust has been actively expanding the Web3 ecosystem by integrating WEPIN Wallet with various client companies. Notable integrations include the global reward chat app ‘VeryChat’ and the virtual celebrity value investment platform ‘Alt.town’. Additionally, IoTrust is enhancing its position in the Web3 market by accelerating the development of customized functions that cater to the growing needs of corporate customers.
Kana Labs: Expertise Beyond Account Abstraction
Beyond account abstraction technology, Kana Labs specializes in several key areas within the blockchain market. These include cross-chain bridging, liquidity aggregation, and being the first decentralized platform to unify non-EVM and EVM chains. Kana Labs also offers other DeFi products such as cross-chain swap and staking, order book exchange, and is working on adding perpetual options and futures to its product suite.
Kana Labs maintains a strong presence in the Asia-Pacific region, with a significant client base in countries such as South Korea, Russia, Japan, and India. The company is also focused on expanding into East Asian markets. Kana Labs’ diverse client base spans both B2B and B2C markets, making it an ideal partner with the knowledge and experience to address the challenges of today’s market. This expertise makes Kana Labs a perfect collaboration partner for IoTrust.
In summary, the partnership between Kana Labs and IoTrust represents a significant advancement in the integration of Web3 services for corporate clients. By leveraging Kana Labs’ innovative account abstraction technology and IoTrust’s user-friendly wallet solutions, the collaboration aims to simplify and enhance the Web3 experience, paving the way for broader adoption and innovation in the blockchain space.