The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

Phantom Wallet now includes a security API from 1Password

3 min reading

The collaboration seeks to allow asset holders to keep their collection of public key addresses and seed phrases in a single place.

1Password, a digital security service, has unveiled a partnership with Phantom Wallet to allow asset holders to consolidate their huge collections of public key addresses, seed phrases, and other relevant security credentials into a single 'Save in 1Password' system.

Currently focused on the traditional finance system, 1Password has more than 100,000 corporate clients from a variety of industries, including well-known brands such as IBM, Slack, Shopify, and Under Armour.

1Password's application programming interface (API) intends to expedite the user experience, provide asset ownership, and assign portfolio responsibility to assist investors inadequately managing their cryptocurrencies and nonfungible tokens (NFTs) stored on the Solana blockchain.

Some assert that 1Password, as a centralized institution, contradicts the Web3 industry's ideological consensus, opposing the often-proclaimed "trustless thesis" with a deliberate focus on enhanced security and loss prevention.

Consumers who have interacted in the e-commerce and social networking marketplaces have gained extensive experience navigating the time-consuming password login and storage procedures. When joining the cryptocurrency sector, thorough education on the many intricacies of digital wallet security is important for the safety and real ownership of capital assets.

Matt O'Leary, 1Password's VP of Partnerships, asked for an in-depth analysis of security, and also if the incidence of attacks and vulnerabilities in the decentralized finance (DeFi) sector has stimulated demand needs and consequent innovation for security solutions like 1Password.

O'Leary said that it’s "important to keep in mind 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", before adding:

“1Password’s partnership with Phantom is a great example of innovation that is conquering this challenge... This human-centric approach to crypto wallet security was designed with the end-user in mind, making it easier than ever to invest in crypto safely and securely.”

O'Leary thinks that Phantom will be the first of several crypto-themed partners to merge with the company's core service, Save in 1Password, in the upcoming months.

He also told Brandon Millman, the CEO and Co-Founder of Phantom Wallet, that he wanted to learn further about his macro perspective for the virtual wallet security sector as we move closer to the possible utopia of widespread acceptance.

"In order for crypto and Web3 to go mainstream, people need to feel confident in the safety and security of their assets. Stories of people losing crypto or getting hacked can be intimidating.”

Millman went on to say that "the benefits of a non-custodial wallet in terms of personal control and independence come with the additional duty of personal key management."

Currency Exchange rate Buy cryptocurrency

Buy crypto now
with Swapcoin.today

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.