Realm Network and Web3Auth Join Forces to Reshape the Web3 Ecosystem

The widespread adoption of decentralized applications has always faced challenges in accessibility and user experience. Even with account abstraction technology, smart contract wallets still have limitations in asset portability. Typically, assets in wallets using the ERC-4337 standard can only be used within specific applications. However, Animoca Brands' latest launch, Realm Network, is changing this situation.

Realm Network is an innovative product of Animoca Brands after integrating the Web3Auth wallet ecosystem. As a dApp network with a native embedded wallet, it allows tokens and NFTs to flow seamlessly across the entire network. This groundbreaking portability greatly enhances the functionality of applications utilizing account abstraction technology.

As a core component of the Moca Network ecosystem, the Realm Network serves as an interoperable infrastructure layer connecting Web2 and Web3 platforms. It encompasses dApps across various fields such as gaming, music, sports, intellectual property, and education, all operating within a shared economy. With features like Realm accounts, Realm IDs, and Realm points, users can access multiple applications with just one smart contract wallet, while decentralized identity (DID) manages identity and on-chain reputation tracking.

The case of MocaID fully demonstrates the potential of the Realm Network. Since its launch in November 2023, MocaID has achieved nearly 1.5 million unique on-chain mints in just six months, becoming a rapidly growing platform within the Mocaverse partner network. Considering that the Animoca Brands ecosystem covers over 700 million Web2 and Web3 users, its future development potential is immense.

The Realm Network's choice to use the wallet ecosystem of Web3Auth has its unique advantages. Traditionally, developers often had to make trade-offs between the availability and interoperability of account abstraction (AA). While AA wallets provide convenient access for non-crypto native users, smart contract wallets typically cannot be used across applications. However, thanks to Web3Auth's multi-party computation (MPC) technology, the Realm Network successfully achieves smart account interoperability across dApps. Users can generate the same wallet address using social logins like Gmail, thereby enabling seamless asset ownership and credential persistence across multiple domains.

Through the wallet ecosystem of Web3Auth, each Realm Network user can obtain a unique digital identity - Realm ID - through social login. This identity not only provides privileged access but also allows the accumulation of Realm points (loyalty points), building reputation, and earning assets that can be used in various dApps within the Realm network.

Realm Network's innovation has opened up a brand new permissionless platform for developers. Developers can simply integrate Realm ID into their dApps to instantly access a qualified user base. Additionally, decentralized platforms can now leverage existing communities within the network and use Realm points to reward users who interact with them. Users have complete control over their smart accounts and can freely transfer and trade the assets earned from exchanges. When the economy within the network flows freely, it will provide a more coherent experience and infinite possibilities.

In addition to enabling asset portability, Realm Network prioritizes user accessibility by implementing Web3Auth's MPC Corekit. The Corekit allows users to access their wallets through familiar Web2 logins (such as Google or Twitter). This approach not only lowers the entry barrier but also creates a more inclusive Web3 experience.

In terms of security, MPC key management enhances the protection of users' digital assets. As access to the keys is distributed among multiple parties, it reduces the risks of single points of failure and unauthorized access. This robust security framework boosts users' confidence, enhances trust, and encourages more people to participate in decentralized applications and financial services.

The integration of the Web3Auth wallet ecosystem with the Realm Network redefines user-friendly applications in Web3. It not only provides users with a seamless on-chain experience but also offers dApp developers looking to connect the fragmented economies within their ecosystems tremendous opportunities. This innovation opens up a new realm full of opportunities for the future development of Web3.