Web3 Onboarding Just Got Smoother: Magic Partners with WalletConnect to Power Email Wallets (2024)

At Magic, we've always been passionate about making Web3 more accessible. We believe that the future of the decentralized web is bright, but it hinges on creating a user experience that's as seamless as Web2. That's why we're thrilled to announce our expanded partnership withWalletConnect, one of the undisputed leaders in Web3 infrastructure,to bring you Email Wallets.

#What are Email Wallets?

Think of Email Wallets as a bridge between the familiar world of Web2 and the exciting possibilities of Web3. They allow users to log in to dApps (decentralized applications) using their existing email addresses, eliminating the need for complex wallet setups. This familiar login process lowers the barrier to entry for crypto newbies, while still offering the security and benefits of a Web3 wallet.

#Why WalletConnect Chose Magic

We understand that trust and experience are paramount in this new frontier.

WalletConnect, which supports over 500 wallets, 6,000 apps and more than 10M+ monthly connections recognizes Magic'sdeep understanding of the Web3 landscape. Having pioneered Wallet-as-a-Service (WaaS) six years ago, we've witnessed the evolution of Web3 firsthand. Our developer-focused wallet is battle-tested and constantly refined to deliver exceptional user experiences.

Furthermore, Magic's proven track record speaks for itself.

We're trusted by industry leaders likeMattel,Polymarket,Decentraland, andHelium. Plus, our commitment to security is unwavering, with adherence to SOC 2 Type II, HIPAA, and ISO standards. Plus, with over $80 million in funding, Magic is here for the long haul – a crucial quality for any strategic partner.

#Why Magic is Excited

At Magic, we think big.

With over 31 million wallets created, we have the expertise to streamline user onboarding and address Web3 challenges at scale. Our partnership with WalletConnect paves the way for mainstream adoption of dApps by simplifying the onboarding process for millions.

#The Future is Bright

We believe that Email Wallets through WalletConnect are a game-changer for Web3. By making it easier than ever for users to enter the decentralized space, we're fostering a more vibrant and inclusive Web3 ecosystem. This partnership between Magic and WalletConnect is just the beginning. Together, we're committed to building a future where Web3 is accessible to everyone.

#Ready to Get Started?

Head over to theWalletConnect documentation to learn more about integrating Email Wallets into your dApp and join the Web3 revolution.

Let's make onboarding a breeze and unlock the full potential of Web3, together.

Web3 Onboarding Just Got Smoother: Magic Partners with WalletConnect to Power Email Wallets (2024)

FAQs

How do I connect my wallet to Web3? ›

Navigate to the Web3 Wallet that you wish to connect to WalletConnect. Click the connection icon (next to Overview and Transactions in the upper-right corner of the screen). Go to a Web3 protocol. Find an option to connect a wallet and select Wallet Connect.

How many wallets does WalletConnect support? ›

WalletConnect, which supports over 500 wallets, 6,000 apps and more than 10M+ monthly connections recognizes Magic's deep understanding of the Web3 landscape.

What is a Web3 enabled wallet? ›

At its core, a Web3 wallet is a software program that stores private keys, which are necessary for accessing blockchain networks and conducting transactions. Unlike traditional wallets, which store physical currency, Web3 wallets store digital assets such as Bitcoin, Algorand, and NFTs.

What is magic Web3? ›

Magic is a comprehensive developer tool designed to streamline onboarding processes and enhance user experiences. Key Management Providers Web3 Wallet Tools Smart Contract Wallets Wallet Developer Tools.

Is WalletConnect legit? ›

The website that you are interacting with is likely a scam website. WalletConnect will never ask for your private key or wallet's seed phrase. The only legitimate WalletConnect website is https://walletconnect.com/.

What is WalletConnect used for? ›

WalletConnect is an open source protocol that allows you to connect your crypto wallet to decentralized applications (dApps) on the web.

Who is the owner of WalletConnect? ›

Founded in 2018 by CEO Pedro Gomes, WalletConnect is the web3 communications protocol.

Is WalletConnect safer than MetaMask? ›

When WalletConnect is integrated within a particular DApp, it becomes easier to form a reliable and secure connection. This is much safer than deploying MetaMask or any other crypto wallet. What Mobile Wallets Work With WalletConnect? WalletConnect is compatible with over 150+ different crypto mobile wallets.

Is WalletConnect free? ›

Wallet Connect is considered a much safer way of connecting with wallets as compared to the other available extensions. It builds a secure, encrypted connection between your wallet and the dapps. It is free to use and can be used easily by just connecting the same in just a few simple steps.

Which Web3 wallet is best? ›

Checkout The 10 Best Web3 Wallets for 2024:
  • Coinbase Wallet. ...
  • MetaMask. ...
  • Zerion. ...
  • Trust Wallet. ...
  • Binance. ...
  • Guarda Wallet. ...
  • Rainbow Wallet. ...
  • Paybis Wallet. Paybis Wallet provides a user-friendly and straightforward option for buying, selling, and storing popular cryptocurrencies.
Mar 18, 2024

Do I need a Web3 wallet? ›

With advanced encryption, Web3 wallets offer users complete control over their funds, ensuring protection against unauthorized access; Supporting diverse cryptocurrencies and dApps, Web3 wallets provide effortless access to the expanding world of blockchain services for trading, governance, and more.

How do I cash out my Web3 wallet? ›

How to withdraw Crypto from Web3 to your primary wallet:
  1. Login to your Mobile App.
  2. Go to the account menu.
  3. Select Web3.
  4. Select the currency you wish to transfer.
  5. Select "Transfer".
  6. Select “Transfer to your primary wallet”.
  7. Enter the amount you wish to transfer or select MAX to transfer all of your selected Crypto.

What is Web3 and why is it bad? ›

Web3 promises new capabilities, but its underlying technology poses negative environmental impacts, particularly blockchain as well as many forms of AI. Although there are different types of AI and blockchain, both can be as resource intensive as they are powerful.

What the heck is Web3? ›

'Web3' (Read-Write-Own)

Improved security & privacy. Proposes and embraces decentralisation. No sole entity responsible for the handling and verification of data. Users own their data & digital identity.

What is a magic wallet? ›

The way it works is you insert your notes, receipts or business cards on one side of the Magic Wallet and close it. By just flipping the wallet over and opening it your cash is magically and securely stored behind the straps! See video below! Details: Great quality, functional and stylish!

How do I Connect to web3 trust wallet? ›

Open Trust Wallet and navigate to the Browser option.

Select “Connect” and choose “Trust Wallet”. Following the transaction prompt to connect your wallet. Once connected, start using the dApp.

How do I Connect my web3 wallet to my Coinbase wallet? ›

Click on the 'web3 wallet' card in the middle of the page. You should see two options; Primary balance (your wallet that is full managed by Coinbase) and web3 wallet (your wallet for accessing Dapps) Select 'web3 wallet', then once you arrive on the web3 wallet page, select 'Add'.

What is my web3 wallet? ›

A Web3 wallet is a digital tool designed to manage and interact with blockchain-based assets and decentralized applications (DApps) within the Web 3.0 ecosystem.

How do I open web3 wallet? ›

The steps may vary a little based on the wallet provider you choose.
  1. Choose a web3 wallet provider. ...
  2. Visit the website of the provider you have chosen and click on the "Get Started" or "Download" button.
  3. Follow the instructions to install the wallet as a browser extension or app on your device.

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