Polygon network onboards ZenGo, the first non-custodial wallet with no seed phrase vulnerability
“We’re delighted to become the first Polygon wallet with no seed phrase vulnerability and built-in web3 firewall protection. We’ve been blown away by the innovation, engagement, and growth in the Polygon ecosystem, the global brands building on it, and can’t wait to securely onboard newcomers.”
ZenGo has announced it has become the first non-custodial wallet with no seed phrase vulnerability and built-in web3 firewall protection to integrate with the Polygon network.
Polygon users can leverage ZenGo’s crypto wallet to gain access to self-custody of Polygon (MATIC), ETH, BTC, and more with secure asset recovery built-in.
Its built-in firewall, ClearSign, helps users understand the permissions they are approving, preventing them from signing dangerous transactions.
The first Polygon wallet with no seed phrase vulnerability and built-in web3 firewall protection
Ouriel Ohayon, CEO and Co-Founder at ZenGo, commented: “We’re delighted to become the first Polygon wallet with no seed phrase vulnerability and built-in web3 firewall protection. We’ve been blown away by the innovation, engagement, and growth in the Polygon ecosystem, the global brands building on it, and can’t wait to securely onboard newcomers.”
Hamzah Khan, Head of DeFi at Polygon Labs, said: “Today, digital asset security is still one of the biggest concerns, especially when it comes to those just starting their web3 journey. This is why the integration of ZenGo is so beneficial to Polygon users, allowing them to reliably and securely self-custody their cryptocurrencies. It also aligns perfectly with Polygon’s mission to onboard the next billion users to web3, making the space as accessible, safe, and inclusive as possible.
According to ZenGo, the crypto wallet has never been hacked and is always recoverable, thanks to 3 industry-pioneering technologies: MPC cryptography, a built-in web3 firewall, and a 3-factor-authentication recovery model.
Founded in 2018 and now boasting more than 800,000 users that buy, store, and trade crypto and NFTs with 24/7 in-app customer support, ZenGo claims to be the only self-custodial wallet with no seed phrase vulnerability.
ZenGo replaces the traditional private key with two independently created mathematical “shares.” One is stored on the user’s mobile device and the other on ZenGo’s server, ensuring no single point of failure while facilitating recovery in the event of device loss.
ZenGo believes that its integration with Polygon will empower a new wave of web3 users to enjoy all of the upsides to self-custody without the vulnerabilities that come with seed phrases.
The existing Polygon network is home for some of the biggest Web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe.
