Quick take:
Web3 domain issuer and digital identity provider is launching its first multi-party computation wallet with Fireblocks.
The wallet supports minting domains directly within the Unstoppable Domains workflow, simplifying acquiring and managing digital assets.
Multi-party computation (MPC) technology splits the responsibility of managing private keys across multiple parties, which reduces the risk of compromise.
Unstoppable Domains (UD), the Web3 domains issuer and digital identity provider has collaborated with the institutional-grade digital asset custody infrastructure provider Fireblocks to launch its first multi-party computation (MPC) wallet as it seeks to provide UD users with the ultimate control of their digital assets.
MPC technology has gained popularity over the past two years as more crypto companies move to improve the security of user assets on their platforms. The technology splits the responsibility of managing private keys across multiple parties, which reduces the risk of compromise.
Unstoppable Domains also believes the MPC wallet will simply acquire and manage digital assets as it supports minting domains directly within the UD workflow. The seamless integration of the wallet also allows users to add it at checkout in the transaction process.
The wallet supports a variety of functions, including “domain transfers, messaging, updates to crypto records, and executing transactions across major blockchains, including Polygon, Ethereum, Bitcoin, Base, and Solana,” the company wrote in a press material shared with NFTgators.
Commenting on the announcement, Matt Gould, founder and CEO at Unstoppable Domains, said in a statement: “We want to bring the entire domain industry on-chain. To do that we needed to make a wallet simple enough for the average domain user. Using MPC technology we’re able to offer backup and recovery, enhanced security, and a simple interface for domain owners.”
The Unstoppable Domanains wallet also comes with a range of features that allow users to prevent unauthorised transactions, including the ability to deactivate the wallet remotely, in the event the device is lost or stolen. They are also able to re-establish access using a secure password.
Michael Shaulov, CEO and Co-founder of Fireblocks commented: “We are thrilled to have the Unstoppable Wallet built on Fireblocks’ enterprise-grade infrastructure, providing maximum flexibility, the highest levels of security, and ease of use.”
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The post Unstoppable Domains Launches Self-Custody Wallet Powered by Fireblocks appeared first on NFTgators .