Exploring the Future of Decentralized Identity & Web3 Wallet

Recorded: April 28, 2023 Duration: 0:50:31

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Okay, let's get started. Hey guys, thank you for everyone joining in or anyone listening in later. We are here today with Onto. They provide a wallet solution for
Okay, let's get started. Hey, for EVM chains. So let's start off with introductions. So we're joined here with bypass gal Cyrus and Simone. Could you guys please introduce yourselves?
Thank you. So I'm Sarah and I'm mailing for for a response for the on-tubid and Actually I haven't been the battery
for about three years and I experience about Wallage and Marketplace, defy the blockchain projects. So thank you.
Hello, hello everyone. My name is Simion. I'm also known as Lucian here in Twitter space. I've been in blockchain development since 2017.
I've been working to numerous interesting defy projects, blockchain, their ones, their tools. And right now I'm dedicating my time into helping neon into integrating new projects.
And yeah, that's for me. Thanks.
Awesome awesome. Thank you guys for introducing yourself. Hi, this is Pascal. Actually, I would tell the main reason why I joined Autodesk with the spaces because I have a lot of experience with wallets. I actually founded my own NeoBank and wallets.
provider that was around four years ago was called Wallet Engine and I've been ever since researching the space of wallets also followed the developments of self-cuff the wallets now account abstraction for them and stuff like this
So I've been always really involved in that sense. And these days I'm actually supporting Neon on the Grand Side, especially Neon Foundation. So very happy to be here today and very happy to have Cyrus over. And of course, oh, exclusion.
Awesome. Thank you for being here today guys and just quick introductions of myself. My name is Z. I do socials here at neon. So let's get started. So we have onto wallet here today. They're like a wallet just like any other but let's understand what's the difference
difference between onto wallet and some other wallets like Zerion or something more traditional like Metamask or my ether wallet. Could you guys tell us a bit about that? Yeah, thank you. So in fact actually, watch story become popular words which
these credits in recent years. And I think it is just new to people. I mean the whole world. Most people don't even know how to participate in the Web 3. And I think the first
that wasn't you had to you know on a W3 wallet so so I bet Manimask is the first W3 wallet you ever heard of it and in the used for you know entering the W3 but I think Manimask is you know
single-chain wallet or we call the EVM compatible only. So that's why we want to build a gateway tool for the new users. So untill we use the only one solution for Web3uses, which is super convenient to
to, you know, for the new years to who want to participate to the web screen. So as a basket wait for users to manage their identity or the digital assets or their data. And unto sports like over
15,000 tokens and a thousand tabs and crossing to like 60 oh I think so was 16 660 blockchains now and and now of course on to wallet enable native course chance working and bridging function
and as well as in-app and out-of-the-market please, aggregates are actually. And also it has some solution for the layer one, Web3Dumings. And you can manage their dumings just in the wallet.
So I think it's all in one solution for users who want to participate in the Web3 and of course we support some features that if the user is not really new, they experience a lot.
of the Web3. So we're trying to build a tool, actually, not really a project for the new use and some advanced users to interact with Web3.
Okay, I see so this wallet like how do you because you guys mentioned that you have ID as well inside of it? How do you guys and like there have been like different like other walls have been compromised like you might have heard Algrin and stuff how do you guys like?
How do you guys take care of the security and the privacy aspect of this? How does it differ from SBTs or other LANs stuff? Could you explain that a little bit? Speaking of security,
And I see the most important thing is security because we heard about the hacks that I said, I mean it's actually the money from their wallets. So security system is the most important thing.
for the Toronto team. So we're integrated, it's called Go+ security system which proves minimize security risks. So let me just give you an example. If you try and connect a depth for trading or climbing somewhere else,
or like creating something that there will be a notification pop-up to tell you about the rigs, the library, all that. So when you use the umtool, it's logging or saying my message, it just share some information.
information of this step that allow you to check if you are facing a tagting something. So in fact, not the depth interaction. Also can help to check the tokens contracts.
the empty contracts. So why you, I mean, why you also websites which allow you to claim some free empty or buying some very low price of those tokens and there will be a notification
and that allow you to know if you are facing a like a phishing website or something like that. So I think it's quite, you know, security system called Minimaster Rix.
Interesting. Maybe I can I want to jump in here because I was wondering since you are kind of this one stop solution where people can access web 3 and they can access you were saying 60 different chains. You obviously have already completed like security audits and stuff like this, but how do you
How do you onboard new users to your wallet? Because I think one problem that we have at the moment with the likes of Meta mask for instance, a user journey that somehow still broken when a user comes into Meta mask and they are asked for like riding down a 16 word seed phrase, people don't even understand what they're doing.
they just maybe they make screenshots and type in their form because they're like oh that doesn't look so important. How do you manage this onboarding flow? Do you store the seed phrase on an iCloud or the user or how can you make it easy and educate the user?
Yeah, well, so I think just like the new use maybe they know about the Metamask, but I think Metamask not really has a good experience for the new users.
because we integrate over 60 blockchamps so whatever your assets in the different chains we can display them in one page and it's super easy for them to check their
and maybe they can trade or send their tokens to another account or interact with other debts. How to bring the new use to the web server async?
the best way is education. We host some education, I mean, educating seminars every week and in different languages actually. So we introduce some basic, I'll say some words or sentences
like what is BMV chain was a new chain and how is that trading happened on the blockchain? It's really a basic information function and of course we also introduced
famous was like was the casual apps and something you know very popular just put up for the uses. So after the educating, I mean education we also
improve our projects to, I would say like one click solution which means you can create or manage your wallet just one click. For example, you can just create a
new wallet by one click creation that you you're from yeah you your friends you already had like over 60 wallet address and you can manage it with one set of the secret phrases
And sort of things very simple to use it, is not really complicated to experience. Yeah, that's cool that you also say it's just one click. I think that's really needed when it comes to
I'm pretty sure that there's a pretty high turn rate of people that just get tired of the sign-up process even though traditional finance happens when it just takes too long. So if you can actually create a new wallet with one click, that's great. Are you encouraging then the people to
to write down their seed phrase or what are you kind of posing to them? Well, it actually depends on their choices. Yeah, they can choose any of them. It depends on their behaviors. I mean, they have habits.
Yeah, got it, got it, got it. Cool. No, I was just asking because I also saw some wallets in the space and it's quite interesting how like now a count of structures becoming a big thing or smart contract, smart contract wallets where you can actually like almost have like a multi wallet.
to take wallet to a people that maybe you can give the seaphrase also to your friends or their access to a friend. That's quite interesting, but also I saw one wallet in Germany. I think they called Ultimate Finance team, where they actually also store your seaphrase directly on your iCloud and
you can then manage a whole web3 experience with a face scan. It was also quite interesting. But yeah, there's a lot of cool developments happening. I think if you give you the choice, that's the best thing to do for sure. Yeah, actually we thought about it. As you know, AntoVale is a food
decentralized wallet, which means we don't install any information or data from the users. So it's really hard to integrate the iCloud to any cloud, so it's because there are a separate to install the information.
It's really not really security for the users. So we think we maybe can import the account structure to improve it.
EOE wallet, but we are updating with the market. So even the market wants some eye-claw service, so we're trying to find a way to bring the convenience to other users. Just, you know, even ways, but the same
experience for them. Yeah, yeah, no, makes sense, makes sense. I'm wondering always like what actually happens if you guys are a pretty big wallet, you have a lot of users and stuff, what actually happens if let's say someone enters your wallet and they are now
careful they store the seed phrase on their phone maybe they type it down maybe they store on their computer and then they basically get compromised and all of the funds are gone. That ever happened that they start blaming you as they can let be a problem or
Okay, so we actually have a two version of onto what is so one is onto mobile application which you can use on your mobile devices another one is called on
extension wallet which you can import it in Chrome. So I think if the users don't care about the centralized or decentralized or something, they can use the extension wallet
But I can make sure that the extension one is also decentralized, but you know, it's much convenient on your PC and so I think it's more
I think more convenient for the users who don't care about that. Yeah, it's similar as the Metamax mask. So I think more convenient for those kind of users.
Interesting. Okay, so moving on I Kind of want to understand like you guys have like a digital ID system we call it the on-to ID like Could you please tell us how does it work? How does it like simplify the process of managing like different blockchain wallets and?
and like, digitalize these. Yeah. So, it's actually, I think I have mentioned about the one-click creation about the wallet. So, one people, I mean, one of the users creates a wallet with one
click creation system that they already have an anti-ID which the anti-ID is based on the ontology chain but it doesn't matter for the users, they don't even know but the most point is with an anti-ID they can connect with like a fax
for example, micro workers, which is a salary-clam projects. And they can just submit their own ID and they can clam their salary in different chains. Because we have a system to, I would say, is convert their wallet address in different
to untie that they can just bring really convenience way to allow them interact with different projects. Yeah, I think that's the most
That's pretty cool. So that's similar to like crypto URL's right? Yes, likely. Nice. That's pretty good. Yeah, but it's centralized, you know. When you guys say decentralized, so you
mean that you're not going to be taking any information from users like no IT, nothing. Yeah nothing because so we don't start anything and our course has imagined the unid will come learn to different broad trends while they're addressed so we don't start it we just use you know
you know, a mathematical way to translate it. - That actually is very unique. It kind of puts you, it differentiates you from like, Metamask, because I know like they started storing IP addresses, resources. - Yes, they just announced it. (laughs) - That's, yeah, that was quite the news.
So I guess that's a big plus for like using on-tall wallet. So moving on like learning a bit more about the feature set, like you guys have like a new speed and like you provide information for like users
to stay updated. How do you guys source this information and is there ways for other people, like, different communities to have their information added to that feed? Yeah, yeah. So the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the#
some APIs for different sources of other news. And I know, you know, lots of people collect their news from different ways like on Twitter or some news website, you know, some other sources that they have to, you know, locking on different
and website or mobile applications. So, we collect all the news gathered in our wallet that people can read the news when they open the application and they also can do some transactions or manage their assets in
at the same time. So I think it's really convenient for users to receive some news or some, you know, just keep updating with Quaps Award. Interesting. I also like this approach of like adding more value and more features to the wallet.
Like people actually don't just come to your wallet to like let's say to do some swaps and to do some staking they actually can also come to your wallet to get their news and maybe in the same process they get some good news that says like oh this token maybe a good one in the future or this project is good so they can directly stay
your wallet and purchase that token as well. It gives you almost this kind of very good position with the super app, what the super app has where you will provide your service with different features. Sometimes you know some big news like like the I've got on the
the bank got questions before. Yeah, yeah, yeah, exactly. So this is kind of directly in the news on to Wally. They don't need to open some like a Twitter or other platform.
Nice. What is like what what what what do you say is like the top three features that you have in your wallet right now. That brings us that users love the most besides like swapping. So I think the most important is
And the manager, SS manager page, which you can directly solve your balance or your aunties in the same page. And the second one is called the tap.
It's called a discovery, but it's actually a dev page. So, you know, there's a lot of projects, I mean the devs in the Web3 and in a different trends. So you have to, you don't need to
to remember the whole website and you can just search it and open it. It should be super convenient for the users who want to use different apps, especially on different chance. And the third one I think is
It's sad, beyond the soft features, but I have to say it's the swap and bridging, because people holding different assets or different shares, but sometimes they need to bridge
to the different channels. They want to interact with different projects. So I think the top three pages for the interviews will be the discovers, swap page and access management.
page. Yeah, it turns you almost into like Robinhood for crypto. Yeah. I have actually one question about a really
nice feature that I think you might implement or just you can tell me what you think about this because I have a lot of friends that are going into crypto and something that is not quite intuitive is just before signing a transaction on your wallet.
And all of the transaction data is not being decoded. Do plan to add the feature where like the transaction data would be a little bit more verbose to render there. For example, even if you do just a simple ERC20 transfer,
Basically, you watch what you can see if you're using a wallet, you just see a transaction signature that doesn't mean anything to you, some transaction data that doesn't mean anything to you. And I think that this would be a very beneficial
feature not only for, you know, not that experienced defy users, but even for more experience, because sometimes you can just see that you don't want to find a transaction or
or something like that? Yeah, yeah, I totally understand. But so the first thing I have to say is we have to bring the original message from the transaction to other users. This is because if you are not
I mean, you don't understand what they said on the transaction, I mean, all the signing message page, but some use know it. So you can't just translate them to another language that they
can easily understand. But you don't need to worry about it because we already said we have an education seminar that we are also to introduce and educate our users to understand what they are doing. Why they are need to sign a message
or sign to the transaction. And the second thing is we actually have a way we integrate the go-plast security system which means whatever you sign a message for for a transaction or some climbing
things that we can give you some security reporting thing that you know you are not facing risks or some fishing transactions sort of thing. So firstly it's very
The most is really secure for you doing that. The second thing is we can tell you what are you doing using the wallet, but just in our education seminal. I mean, it's a different way to understand it.
That's pretty nice, yeah. I wish someone had educated me before because this is really important knowing what you're doing before starting out and I think right now is the best time to learn because a lot of people
tend to be hacked or lose their funds when there is hype, when there is a boom market. So I think right now is the best time to learn because there is no pressure, no that big pressure from the markets and people can learn and be prepared when
And when the time comes, people will be way more educated. Yes, exactly. I think it's actually the best time for the new users to enter in the Web 3. The bullish market is coming.
a bunch of tend to learn what are you facing, what are the news or whatever from the web3 and when the, you know, erasing coming
to to permits so you can you can just do your own operations on the on the wall. Yeah, I'll talk to you again.
Okay, so another feature I think you touched upon earlier which I think is interesting is the cross-chain swaps. So which blockchains like are supported? You mentioned there are 60 like CC different ones. It's pretty like EVM and non-experience.
EVM ones and which like bridges do you use to make these like swaps? Well so for the for the web story wallets if you want us whatever is for all brain day I says to different one
you have to use some depth. For example, you swap in your interim to BNB, especially from a different chance. You have to, for example, using some braiding depth.
That's not really easy for the new users because they don't even know which steps can do the such thing. But in Antwerwale, you can just simply use our swap and the bridge functions to swap your
tokens in the same chance or different chance whatever, just in the application, not really hard for the new users. But unfortunately we only spot three bought transfers now.
But we're gonna explain it very soon. You know, one step by step. We care about the skills and things. So we had to, you know, develop a step by step, not, you know, bring the housing together in one motion.
I see. Interesting. So you like which block which bridges are you guys like integrated with like or do you guys know? Yeah, I think the top three
The most fun now is a theorem, BNB chain and polygon. But yeah, we're gonna expand into more broad chains like a neon.
Slana and some famous literature like optimism, I have to try and like the kissing hero in the future very soon. Now I'm gonna take a long time.
Cool. So, like, touching upon like the integration with Neon, how was like the integration, like how was the integration with Neon, like you've integrated with some other blockchains before, like for sure you have Ethereum and BNB, right?
Yeah, this compared to like a theorem compared to neon. So I would say it is super easy to integrate the neon chain. I think so it is actually using a standard API. So wish law has to integrate
easily for compared to some complicated chance. And of course I believe that developers could also deploy their projects quickly on NeonChamp.
I see that is pretty good news. Nice. Great to hear. Actually, I have a great question that note. So when it comes to different integrations with trains, I would assume you're also integrating the back
different protocols so people can actually put their money to work. Maybe they can stake it in the back end with some taxes, do some farming or something like this. How would you go about choosing these third parties that actually in the end become part of your
your user interface, right? If anything goes wrong with these parties, then people will assume that it's your mistake that their money is going, right? So yeah, you can choose the right providers. Yeah, that's a really good one. So actually, I'm
a lot, you used to say they now losing their money, they faced some glitches, all the battles of their proxies or the tactics of a wallet. So we just explained it that those steps
You know are pretty is by different projects. I mean by different teams and we you know we integrate the depths and we we have a I'll say the Connection with them. So we're trying to connect Contents the team
which we integrated. So we're actually like a third party agent, you know. They used to facing some problems and we just forward this problem to the team. I mean the third party team.
hoping there can give some feedbacks for the team and then I give some feedback to the users. So we're trying to be very, very careful agency for the users.
It's like a bridge. We connect to projects, I mean connect the US and the subparti projects together and we're trying to solve problems for them too. Even we know about the
They are using the third party DAPS. But so actually speaking of this situation, we're not going to integrate some functions or features or some taxes in
So we need to evaluate how the security thing or the team will evaluate how they build the multi-valve for their projects and then
try to have many meetings in to know and then we make a decision if we want to integrate their projects in to know. I'm sorry, integrate their projects natively. So we would
But we're trying to bring the best experience or convenience to our users. So we're really trying to evaluate each time to bring those functions to our users.
Cool. So now speaking of like what you bring to users like you touch upon like town abstraction of it as well like what do you guys have like planned out like for different like user
cases outside of the crypto space like where do you want to expand on top of all it to? Well actually it's we collect all the feedbacks from a user
I mean the one who already using on to wallet and they sometimes give some suggestion where they are solved and it's really helpful you know we heard a lot of you know a
opinions or suggestions for our ballad wallets. So we're trying to make one Z, like the Unto B, and reduce the risks and some inconvenient thing to improve our ballad wallets.
I see. So you're basically making efficiencies and just making like interfaces into face better and stuff. Yeah. Nice. Cool. And so how do you guys plan to onboard like new users like because you're like the first step for most Web 3 users, right? So how do you guys plan to do that?
I'm sorry, can you repeat the question again? So how do you plan to onboard new users to your wallet, like to onto wallet, and like to, you know, you want to increase the adoption of the onto ID, and you want to help educate people into Web 3 pretty much.
So like, what's your plan? Plans around that. I'll say essay. Okay, so as beginning, we were trying to host some, you know, the AMA or giveaways to attract the New Year's Eve, because you know, not many years to know about your projects.
you have to do something on the market on the other platform to attract them to know about you. And now we are focusing on updating our fantasy features to allow users to manage
their identities such as an empty marketplace and that they could manage their empty identity involved it and some about the domain solutions. Yeah, just sort of thing to improve our projects better and better to I think that's the best way to
to allow more new use to unboding the new projects. It doesn't matter to have speed or wallets. Different projects need to build the better projects for the users.
I see and for the build. I have a follow up question here. What does it actually you take on on new ways of on and off ramps like have you actually already integrated on and off ramps from fiat into yourself?
custody wallets and if so do you believe that maybe by offering more of RAM and on-ramp features like on-ramping to PayPal and grab wallet or something like this do you think this can also bring a lot of new users in the future? Well I think it's really
it's not really good to integrate some feedback payment or feedback to a crop tool method to whatever and the whole world. The global policy is not
not really easy for wallet to provide some service or a fair payment or something. So we just want to provide a simple wallet. I mean as I mentioned it is a two
for users who want to participate in the web story world. So it's not really good to integrate some fit to quite always directly in wallet but we can provide something like a like I mentioned about
the micro workers that it is a app projects we integrate it. So people, I mean the US as a crew, fund, you know, a different way to interact with the relevant things.
Got it, got it, interesting.
Cool, moving on. So, if anyone is building their DAP and stuff and they want to integrate anything into the price feeds or into the new stuff, how are they going to go about it with Onto?
So first, the first thing that we have to evaluate, because as I mentioned a lot of times, we care about the security for our users. So the first thing is we're going to review when they evaluate if those steps are successful.
security and then we can, there are two different ways to integrate them. So the first thing is to integrate like a tab that you can directly phone it in the disk power page which the tab library and
Another thing is another way is to integrate it as a native feature that you know they're gonna be really complicated to evaluate because once it's gonna be a
be like facing a hike or something security thing that the user is going to ask about the, whatever they are losing money or something to answer a team already from the third party projects.
Things that basically is evaluating by our team is primarily from the team. That's cool. So like, is there like a process like do people send in applications or like how do you get in the contact with the team? Yeah, well, what how do you
So at least you can submit your steps. The first one is you can directly find it on the website and you know the officially through the emails and then you can you know contact us like on the tally
one or the discord, we prepare some channels for the collaborations like Interfer the Depths and then we do some evaluation into now and we'll give some feedback to the Depth projects
And then we will probably gonna make some PR announcements after we integrate the test. To allow users to know they are safe, they are good to use, yeah, just sort of thing.
That's awesome. I think there's lots of early builders joining Neon EVM, so I think it will be pretty good. If anyone's listening in, you guys can either DM on ToWallet, go through the website, go through the application there, or just get in touch with
with us and we'll connect you with them. Yeah, exactly. So, like, guys, if anyone's here listening today, like if you guys have any questions, this is the time, like just request your hand and we'll bring you up and you guys can ask questions from Cyrus Pascal or
Simone, why we wait? Like, do you guys have any Alfreda drop? Like, until I like, I don't know if I want to tell someone, tell the community about stuff? Well, actually, we are gonna
The first thing is I really work on that users who want to be educated, whatever is wallet or something about the DeFi, or whatever, just any information from the WebStory board that you can
you know, participate our seminars to learn, to educate yourselves, and to receive more knowledge from the web story work. And we're also going to host some campaigns in various
So in that kind of a campaign, you can learn it's actually a quiz campaign. So you can learn more about the web3 knowledge of the blockchain, knowledge from those campaigns.
That's really cool. It's a pretty good thing like, you know, education is always important. Unboarding new people will just make the process easier. Past count, do you have anything to drop, you know, for us?
I would say interestingly my usual alpha is that actually as part of the only billess programs we talked about this before already the grounds program we actually have a lot of
exciting projects that are building on neon at the moment and that are going through this program. So just encourage everyone to tune into our Twitter, follow us on the neon foundation Twitter as well as we will announce more and more cool projects to come there.
Awesome. Yeah, yeah, we do have the early builders program going on. It's by the Neon Foundation. Guys, if you're listening in, if you're a builder, apply there. It's awesome. The Neon Foundation will support you along your journey building a tap on Neon EVM. So I guess I have one last
piece of Alphore to drop. One lucky listener here today, in this case Robert Crypto World, please DM in, you will be getting a neon hoodie. So thank you for listening in. So let's close
love guys. Thank you for joining us. Any last words? So thank you for actually listening about the Ante Wallet, whatever the introduction or the information found to. Thank you. I appreciate your time.
Thank you for having you for sure and thank you for everyone tuning in.
Thank you guys.
Thank you. Robert, please DM us in to get your hoodie. Bye.