1Password integrates security API into Phantom Wallet
Digital security service 1Password has announced a collaborative partnership with Phantom Wallet to enable asset holders to amalgamate their vast accumulations of public key addresses, seed phrases and other corresponding security details into a single ‘Save in 1Password’ system.
Operating primarily in the traditional financial sector at this time, 1Password has over 100,000 corporate clients from a panoply of industries, including well-recognized brands like IBM, Slack, Shopify and Under Armour.
The application programming interface (API) of 1Password aims to simplify the user experience, enable asset sovereignty and assign portfolio responsibility to help investors sufficiently manage their cryptocurrencies and nonfungible tokens (NFTs) held on the Solana blockchain.
A centralized entity at its core, some would argue that 1Password challenges the ideological consensus of the Web3 industry, countering the trustless thesis often proclaimed, with a conscious emphasis on security certitude and loss prevention.
Related: Cointelegraph Magazine: What the hell is Web3 anyway?
Consumers familiar with interaction in the e-commerce and social profiling markets have obtained vast experience navigating the tedious password login and storage processes. Upon entering the cryptocurrency space, comprehensive education on the intricate nuances of digital wallet security is crucial for the protection and true ownership of acquired assets.
Cointelegraph reached out to Matt O’Leary, the VP of Partnerships for 1Password, for an in-depth assessment on the subject of security, as well as whether the prevalence of hacks and exploits in the decentralized finance (DeFi) space has catalyzed demand necessity and subsequent innovation for security
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