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WEPIN Wallet and Kanalabs Partner for Account Abstraction Web3 Wallet

2024-05-30

Web3 wallet specialist IoTrust announced on the 30th that it has formed a strategic partnership with Kanalabs, a UK-based blockchain infrastructure company.

Through this agreement, IoTrust integrates Kanalabs' account abstraction SDK into its enterprise wallet service 'WEPIN', supporting corporate customers to develop more user-friendly Web3 services.

Kanalabs' account abstraction technology simplifies complex account management on the blockchain, allowing Web2 companies to provide Web3 services without entry barriers. In particular, the account abstraction SDK integrated into WEPIN wallet supports the function of companies paying blockchain network fees on behalf of users. This allows companies to provide customers with a Web3 service experience without the burden of gas fees.

IoTrust's WEPIN wallet is a total solution that provides simple SDK and API, allowing any company, even without blockchain development experience, to integrate a wallet into their app or website within 5 minutes. With the addition of Kanalabs' account abstraction technology, corporate customers can now develop Web3 services with greatly improved user convenience and accessibility.

An IoTrust representative emphasized, "Through collaboration with Kanalabs, WEPIN wallet has become the best partner in the Web3 service development process for corporate customers," adding, "We will continue to innovate so that companies can provide the best Web3 experience to their customers."

A Kanalabs representative said, "We are pleased to realize our vision of contributing to the popularization of Web3 through account abstraction technology together with IoTrust," expressing ambition, "With this partnership as an opportunity, we will further solidify both companies' positions in the global Web3 market."

Meanwhile, IoTrust has been accelerating the expansion of the Web3 ecosystem by recently integrating WEPIN wallet with various clients such as the global reward chat app 'Verychat' and virtual celebrity value investment 'AltTown'.

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