Phantom Pockets, the Solana-focused pockets, introduced that it’s becoming a member of forces with 1Password, a preferred password administration platform, to make accessing the crypto pockets a bit easier.
Per an announcement shared with Decrypt, 1Password will particularly combine its “Save in 1Password” API with Phantom.
The mixing signifies that as a substitute of getting to handle prolonged login credentials made up of strings of characters, numbers, and phrases, customers can immediately save all their Phantom pockets credentials and personal keys to 1Password.
“Crypto improvements are reshaping the world, however for a lot of it appears too complicated or dangerous to affix this transformation,” mentioned Jeff Shiner, CEO of 1Password.
In line with Shiner, the partnership between Phantom and 1Password will simplify entry to crypto for present buyers, whereas additionally “reducing the barrier to entry for these keen to soundly purchase and commerce digital property via a platform they know and belief.”
Securing entry to cryptocurrencies is changing into an much more urgent situation in gentle of final month’s report by blockchain analytics agency Chainalysis.
The agency estimates that as a lot as $3.2 billion price of crypto had been stolen from wallets and exchanges final 12 months. Roughly $2.2 billion of these funds had been stolen from decentralized finance (DeFi) protocols.
“Individuals ought to all the time transact securely and safely on-line however individuals additionally need assistance to grasp and belief the instruments they’re utilizing,” Anatoly Yakovenko, co-founder of Solana, advised Decrypt.
1Password and Phantom teaming up “is one instance of how individuals can extra simply and rapidly defend their digital property, which ought to assist increase in the long term blockchain utilization to billions of individuals,” he added.
1Password and Phantom
Based mostly out of Toronto, Ontario, 1Password is a password administration and credentials safety platform serving over 100,000 customers and companies throughout the globe, together with the likes of IBM, Slack, and Shopify.
“1Password shares our dedication to assist deliver Web3 mainstream by making the consumer expertise secure and easy-to-use,” mentioned Brandon Millman, CEO of Phantom.
Phantom, which final month joined the coveted unicorn membership after elevating $109 million in a Sequence B funding spherical, is taken into account one of many crypto trade’s fastest-growing wallets.
Now, following the newest tie-up with 1Password, the crypto pockets is hoping to soundly onboard much more customers.