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Web3Auth Secures $13M From Sequoia India To Simplify Crypto Onboarding And Authentication

Jan 12, 2022over 3 years ago

Amount Raised

$13 Million

Description

Web3 is seen as the future of the internet because it allows people to control their own data and digital assets, but crypto developers have been learning from the past when it comes to onboarding new users.

Company Information

Company

Web3 Auth

About

The company also plans to increase its headcount, Young told TechCrunch. They’re, however, more enterprise and internal-facing authentication relative to the Torus platform being more external, Young said, adding that a similar analogy could be Okta and Auth0 in the web 2.0 authentication space.“We think that the non-custodial nature of Web3, which allows users to control their own data and destiny, is a huge step forward in bringing power back to the users.

Funding Insights

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech