Digital assets are witnessing institutional adoption and are set to go mainstream where people get to control and truly own their own data and digital assets with unique digital identities — all forming part of Web3.

Web3 onboarding has unfortunately been suffering with the complexities of wallet creation, seed phrase management, significant value loss in attempts to regain or recollect phrases and so on.

We cannot expect mass Web2 user adoption until we make the very first step dead easy & secure.

With the Web3Auth integration, penomo is making Web2 users feel at home with a simple email login with multi-factor authentication, while securely managing the entire self-owned (non-custodial) wallet creation & management process automatically.

Now live on both our privately launched portals for sustainable asset issuers and capital allocators.

penomo one-step login

Benefits for penomo users:

1. Simplified Onboarding with Familiar Login Options: A Web2-like experience eliminates the need for complex wallet setup or seed phrase management, making it easier for anyone to get started in under a minute;

2. Seamless Wallet Creation and Management: When penomo users sign in, a secure, non-custodial wallet is automatically generated on the blockchain network of their choice. Web3Auth ensures that while users experience a streamlined, Web2-like process, their wallet management remains Web3 under the hood. This includes cryptographic key generation, transaction signing, and wallet recovery, all without sacrificing security or control;

3. Non-Custodial Security for Enhanced Trust: One of the most significant benefits of Web3Auth is its non-custodial nature. Penomo users maintain full ownership and control of their wallets, ensuring that no third party, including penomo or Web3Auth, has access to their private keys;

4. Cross-Network Compatibility: Penomo users can enjoy a seamless experience across multiple blockchain networks. Web3Auth’s infrastructure supports various networks, meaning that users don’t need to worry about managing different wallets or keys for different blockchains. They can access everything through a unified login experience, enhancing convenience;

5. Web2 easy with Web3 flexibility: Web3Auth’s customizable infrastructure, they can integrate traditional logins, similar to web2 logins with decentralized wallet management. This hybrid approach ensures that the user flow feels familiar, while still offering the security and flexibility of Web3 technology under the hood;

6. Effortless Wallet Recovery: Web3Auth introduces multiple-factor authentication methods such as social logins, email, SMS, or trusted devices to simplify wallet recovery. Recovery is as easy as using their trusted social or email accounts.

About Web3Auth

Web3Auth enables easy Web3 onboarding with passwordless, non-custodial authentication, using secure key management without seed phrases.

Its core fundamental is to make digital ownership and identity human-centric and accessible to everyone and backed by Sequoia, Multicoin Capital & more, collaborating with major web3 institutions such as Coinbase and Binance among others.

Say goodbye to complexity!