TLDR
- Bitget Wallet has launched the industry’s first MPC wallet solution supporting the TON mainnet.
- The wallet’s MPC solution now supports TON and Solana mainnets, in addition to Bitcoin and various EVM blockchains.
- This launch aligns with the rise of Telegram mini-apps and aims to enhance user experience.
- Bitget Wallet’s MPC solution allows users to create and import wallets using email, Google, Apple ID, and other methods without needing complex authentication details.
- The company is organizing TONNECT 2024, an online event dedicated to the TON ecosystem, to introduce innovative ways for users to interact with TON DApps and protocols.
Bitget Wallet, a prominent player in the Web3 wallet space, has achieved a significant milestone by introducing the industry’s first MPC (Multi-Party Computation) wallet solution that supports the TON (The Open Network) mainnet.
This development comes at a time when Telegram mini-apps are gaining popularity, potentially bridging the gap between Web2 and Web3 users.
The new MPC wallet solution expands Bitget Wallet’s network coverage to include the TON and Solana mainnets, adding to its existing support for Bitcoin and various EVM (Ethereum Virtual Machine) blockchains.
This move demonstrates the company’s commitment to enhancing its product features and technology, aiming to strike a balance between security and user experience.
Alvin Kan, COO of Bitget Wallet, emphasized the company’s dedication to building crucial infrastructure and introducing groundbreaking products to drive mass adoption of cryptocurrencies.
He stated, “As the leading wallet on the TON ecosystem, we aim to provide an unmatched entry point into Web3 for Web2 users.”
The launch of this MPC wallet solution addresses a significant gap in the market. Most current MPC wallets primarily focus on EVM blockchains, leaving a void for user-friendly wallet solutions supporting heterogeneous chains like Solana and TON. This limitation has been a potential barrier to the mass adoption of cryptocurrencies on these networks.
TON, backed by Telegram with its nearly 1 billion active users, holds substantial potential for bringing Web2 users into the Web3 space. Bitget Wallet’s new solution is positioned to support this potential user surge and address industry challenges.
The MPC technology employed by Bitget Wallet offers a unique advantage. It allows users to create and import wallets using familiar methods such as email, Google, or Apple ID, eliminating the need for complex authentication details like mnemonic phrases or private keys. This approach significantly lowers the entry barrier for Web2 users venturing into the crypto space.
Since its debut in October 2023, Bitget Wallet’s MPC solution has been setting new standards for ease of use and security in the Web3 market.
The wallet currently boasts over 20 million users worldwide, offering a comprehensive range of features including asset management, intelligent market data, swap trading, and a token earning center.
In addition to launching the new MPC wallet solution, Bitget Wallet is organizing TONNECT 2024, described as the biggest online event of the year dedicated to the TON ecosystem.
This event aims to introduce innovative ways for users to interact with TON DApps and protocols, further lowering the barriers between Web2 and Web3 worlds.
Bitget Wallet’s capabilities extend beyond the TON ecosystem. It supports more than 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies.
