EtherMail Launches Email-as-a-Wallet Solution, Extending Web3 Accessibility to Billions of Users
Schaan, Liechtenstein, February 26th, 2024, Chainwire
- Email-as-a-Wallet allows individuals to associate their Apple and Google logins with a new or existing wallet and to create Web3 email accounts, as well as buy, send and receive digital assets
- Users can execute ‘2 factor transactions’ (test transactions off-chain) to avoid errors, ensuring that funds will reach the intended party securely with reduced gas fees
EtherMail, the platform bridging the gap between Web2 and Web3 for users and companies, has launched its Email-as-a-Wallet solution (EaaW), providing a familiar and easy entry point for individuals to explore the Web3 space.
To date, the complexity of engaging with Web3 services and setting up a crypto wallet has presented significant challenges for Web2 users, who are confronted with the concept of private keys and complicated security practices, which can make the entire process overwhelming and off-putting. This steep learning curve, coupled with a lack of user-friendly tools has proven to be a major issue in terms of driving Web3 adoption.
Acknowledging the chronic need for user-centric solutions to make the Web2/Web3 transition more manageable, EtherMail has launched its Email-as-a-Wallet solution. This enables users to access Web3 native protocols while staying within the familiar and comfortable parameters of email and a Gmail or Apple login, with Web3 complexity being abstracted – as illustrated in the following video demo.
By allowing Web2 users to create non-custodial wallets through Gmail or Apple accounts in less than one minute, EtherMail wants to facilitate a frictionless gateway to Web3, broadening the accessibility of blockchain-based applications and services to billions of users worldwide who currently don’t have a digital wallet. Once they’ve created their Web3 email account, users can easily buy digital assets from within their inbox without having to leave the platform, greatly reducing the friction of navigating a digital assets exchange.
EtherMail’s Email-as-a-Wallet solution also offers a ‘know what you sign’ feature, allowing users to easily review transaction details as an email before signing the transaction. This is particularly useful for scenarios in which users purchase an NFT on OpenSea for example, and by virtue of this feature, the email inbox serves as an aggregator of the user’s transaction history.
With their Web3 email account, users can also send and receive digital assets seamlessly, mirroring the convenience of traditional payment platforms like PayPal. Users can execute ‘2 factor transactions’ – test transactions off-chain – to avoid errors, ensuring that funds will reach the intended party, with reduced gas fees. This ensures that funds will reach the intended party, while mitigating the risk of double spending when sending digital assets.
The launch of Email-as-a-Wallet extends EtherMail’s strong arc of growth, having long surpassed the 500,000 user milestone and secured a $4 million funding round led by Tim Draper and Draper Associates in 2023. Having previously invested in Ethereum, Tesla, Coinbase, Polygon and SpaceX, Draper has a proven track record in backing bonafide industry disruptors.
Shant Kevonian, CEO and Founder of EtherMail said: “For billions of Web2 users worldwide, the prospect of creating a digital wallet and engaging with unfamiliar financial instruments has been a deterrent to exploring the Web3 space. We want to break down this adoption barrier by offering a user-friendly bridge between the Web2 and Web3 domains, extending the accessibility of Web3 to billions of users. Email isn’t going anywhere, making it the perfect mechanism to democratize access to decentralized applications and reshape how individuals interact with digital assets and blockchain technology.”
Users can join the official EtherMail Telegram channel here: https://t.me/ethermail_official and follow the latest developments on Twitter: https://twitter.com/ethermail_io
For more information on how EtherMail can assist projects in maintaining a direct and secure line of communication with their asset holders, users can visit https://ethermail.io/daos.
Any companies interested in applying to become an applet can do so here: https://promos.ethermail.io/partnership-application
About EtherMail
EtherMail is the platform bridging the gap between Web2 and Web3 for users and companies, providing a familiar and easy entry point for users to explore the Web3 space. With EtherMail, companies can send rich, relevant content directly to their asset holders based on blockchain-synced real-time information. EtherMail also allows fully anonymous P2P communication and rewards its users for reading relevant content in their inbox.