Particle Network, a Web3 infrastructure provider, has accomplished a significant feat after the release of Wallet-as-a-Service (WaaS) V2. Within only one year of the debut of WaaS, the number of wallet activations has topped 15 million since the release of V2.
The 15 million milestone was attained within a year of the wallet’s debut, which is evidence of WaaS’s success as well as the need for more approachable web3 onboarding solutions. The record-breaking number of decentralized applications (dapps) that feature WaaS integration has been a key factor in this growth.
Over the last 12 months, more than 800 dapps have used Particle Network’s product line, exposing millions of web3 consumers to Particle’s web3 wallet. Through initiatives like Xter.io, Hooked Protocol, ApeX, CyberConnect, and many more, users may access wallet-as-a-service.
Particle Network’s Web3 wallet has been fully integrated into every level of the blockchain ecosystem since the introduction of WaaS. With networks like BNB Chain, Linea, Near, Sei, and zkSync, Particle Network has remained in close contact. WaaS has been implemented into more than 70% of the most popular BNB Chain projects, including CyberConnect, Hooked Protocol, and SecondLive. Infrastructure collaborations between Particle Network and companies like Biconomy and Certik also exist.
The gaming industry has shown especially high demand for WaaS, with 60% of all projects falling into this category. With Particle Network’s wallet solution, new users may start using the service in around 20 seconds as opposed to several minutes with a traditional web wallet. Due to this, WaaS is now the option of choice for many web3-based game firms.
Particle Network is intensifying its efforts on the creation of WaaS V2 to improve privacy, user experience, and transaction efficiency after crossing the significant 15 million wallet mark. With an emphasis on future-proofing web3 infrastructure, V2 was created to make WaaS flexible enough to react to changes in user behavior and blockchain architecture. User sovereignty and composability, two core ideas of web3, are upheld in its design.
Wallet-as-a-Service V2 is the most cutting-edge consumer-facing product that Particle Network has created to date. It gives developers the toolset to offer a variety of complex blockchain-based services, including cross-chain solutions. A seamless user experience is produced as a consequence of its emphasis on removing friction, ensuring that dapps may reach their full potential.
Source: https://thenewscrypto.com/particle-network-hits-15m-activated-wallets-with-wallet-as-a-service-v2/