Summary
Privy, a platform for Web3 apps, has opened to the public with Sequoia and Paradigm backing. It offers streamlined onboarding flows and embedded wallets for user-friendly experience. CEO believes crypto is moving into the “app era” and Privy aims to improve consumer crypto apps’ UX.
Key Points
1. Privy is a platform that offers developer libraries to ease onboarding into crypto and has recently opened to the public.
2. The platform provides streamlined onboarding flows and wallet management for Web3 apps, integrating with popular consumer crypto apps such as Zora, OpenSea, friend.tech, and Blackbird during its gated access stage.
3. Privy has received notable backing from investors, with Sequoia leading its 2022 seed round and Paradigm leading its $18 million Series A round the previous year.