Web3Auth shifts to full community governance   

Web3Auth, the Web3 login infrastructure solution, is shifting to full community governance and decentralization with a transition from a permissioned network to the permissionless Auth Network, Invezz learned from a press release. After this change, the solution will be governed entirely by the community.

New infrastructure and a native token

The Auth Network will support and improve Web3Auth’s seamless UX. While the base functionality of Web3Auth’s intuitive login capabilities will not change, the new Auth Network runs on new infrastructure and has its own token supply.

Growing number of notable dApps and platforms on Web3Auth

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This is a first for Web3Auth and great news for the 500-plus dApps and wallets relying on its intuitive non-custodial authentication solution. Of these, Web3Auth has tapped several for its new Guardian partnership program, which will run in parallel to the decentralization process.

This growing number of notable dApps and Web3-oriented initiatives and platforms includes Binance (BNB/USD), Polygon (MATIC/USD), and Skyweaver. Guardians will be node operators on the Auth Network and will run a node on the network in both mainnet and testnet. Web3Auth will pay 3% of their new token supply to early Guardians in return.

Mass adoption is the main goal

Web3Auth’s primary goal is mass adoption and all its tech, incentives, and partnerships revolve around it. They have a simple strategy: effortless dApp and wallet onboarding and user-friendly key management.

The switch to Auth will speed up login times and enhance scalability. As Auth will allow dApps and wallets to run nodes directly, this will improve the security of their user bases and others throughout.

Zhen Yu Yong, Co-Founder and CEO of Web3Auth, commented:

We’ve been committed to decentralizing our network since the beginning, and it’s exciting to have reached a place where we can start and share with everyone our process. It’d be fantastic to be bringing enterprise grade security to every user, whilst staying intuitive. We’re already growing a roster of excellent partners for the Guardian program, many of them companies that already use Web3Auth tech to power their authentication processes. Their expanded commitment to us is a tremendous vote of confidence in our work, and I’m grateful for that.