Web3 authentication is a new method of verifying the identity of users on the internet. It is more secure and private than traditional authentication methods and has the potential to transform the way we interact with the internet.
Web3 authentication is relevant in the evolving internet landscape because it addresses some of the key challenges of the current system.
For example, passwords are often weak and easily hacked, and they can be used to track users across different websites. Web3 authentication can help to solve these problems by providing a more secure and private way to authenticate users.
This article will only discuss the top Web3 authentication tools used by businesses and the features that make them stand out.
See also; Top Web3 Companies in 2023
Top Web3 Authentication Tools
This is a full curated list of the 7 best web3 authentication tools to use in 2023:
- DFNS
- Torus
- Privy
- Fractal ID
- Web3Auth
- Arcana Network
- Picket API
DFNS
Dfns is a wallet infrastructure for Web3. It provides a unified interface for users to access various blockchains and protocols, such as Bitcoin, Ethereum, Flow, Tezos, etc. DFNS also offers features such as identity verification, biometric authentication, and multi-factor authentication.
It was founded in 2020 in Paris as a Techstars-backed, SOC 2-certified, and has raised over $20M since its creation.
It is an API-first KMS designed to provide app developers with secure, plug-and-play access to blockchains based on a decentralized, MPC-driven key management network with built-in recovery mechanisms, operated by error-and-attack-resilient tier 3+/4 data centers.
It also leverages WebAuthn 3.0 to provide seamless authentication flows using facial recognition, touchID, pin codes, and more across all major browsers and mobile operating systems
It is designed with a focus on developer experience to maximize programmability, minimize high-touch implementations, and provide granular sets of permissions, controls, and policies via secure API credentials.
Overall, it’s a very valuable tool for developers looking to build on-chain applications to safely secure funds.
Torus
Torus is a Web3-native key management infrastructure. Its authentication tool service allows users to log in to Web3 applications with their Google, Facebook, Twitter, or other accounts. Torus also enables users to send and receive cryptocurrencies and tokens with their email or phone number.
Torus is a relatively new web3 authentication tool, but it has already been adopted by a number of popular dApps, including Binance and Aave. It is a promising project that has the potential to make it easier for people to access the decentralized web.
Torus’ Key Infrastructure splits a user’s key between a device, an input, and an existing login and allows the user to reconstruct their keys by combining any of the two protocols.
See Also: Reviewed: The Best Web3 Stocks to Buy in 2023
Privy
Privy is a Web3 authentication interface for decentralized applications. It allows developers to onboard all previous users from their web2 applications and systems onto web3 systems much easier and better.
With Privy and just a few lines of code, you can be able to securely onboard all users, whether they have a wallet or not, and get back to focusing on your core product.
It also allows any user to Users can sign in to your app with a crypto wallet, an email address, their phone number, or even a social profile (e.g., Twitter or Discord). Users don’t need to have a wallet to explore your product.
The company is backed by companies such as Sequoia, Blue Yard, Electric Capital, and Protocol Labs.
Fractal ID
Fractal ID is an identity verification platform, ranging from human uniqueness for Sybil resistance to KYC/AML (‘Know Your Customer/Anti-Money Laundering) for regulatory compliance.
Fractal ID is another web3 authentication tool that allows businesses to outsource part of their regulatory compliance needs with over 1 million users worldwide. It also helps users verify their identity and access Web3 applications with a single login.
By partnering with Fractal ID, dApps gain access to tailored identity solutions that address their specific needs. Whether it’s ensuring compliance, or enabling uniqueness, our solutions empower dApps to build trust, enhance user experiences, and drive innovation.
Web3Auth
Web3Auth is an infrastructure that functions as a web3 authentication tool and helps with the seamless creation of password-free user onboarding for decentralized wallets.
Web3Auth replaces seed phrases with social logins to allow for easier onboarding for users.
It also solves the onboarding and key management problem by using multi-party computation (MPC) technology. It replaces seed phrases with intuitive social logins, which help users create non-custodial wallets with a one-click login. The two-factor wallets also help users recover their wallets easily without losing their private keys.
Arcana Network
Arcana is the Decentralized Storage Layer for Ethereum and EVM chains, with a Privacy Stack for web3 Authentication, Identity and Access Control, Key Management, and End-to-End encryption. With Arcana’s Privacy stack, developers can build secure and privacy-preserving apps.
As a web3 authentication tool, Arcana Network provides a decentralized, secure, and privacy-preserving way for users to authenticate themselves to dApps.
With the Arcana Network, users just need to simply log in and use the Web3 app that is integrated with the Arcana Auth SDK. They get immediate access to the wallet and can sign blockchain transactions.
Picket API
Picket API is a cloud-based identity management platform that offers a number of features that can be used to secure web3 applications, including single sign-on, multi-factor authentication, and user management.
Picket is a developer-first, multi-chain web3 auth platform. With Picket, you can easily authenticate users via their wallets and token gate anything.
By using Picket, you can avoid the cost, risk, and time required to build and maintain your own wallet-based authentication or token-gating solution. This allows you to focus on building your unique web3 experience and differentiating your project and community.
If you want a deeper understanding of Picket API, visit their website: Picket API
And that’s a wrap…
As mentioned in the introduction, here are the top 7 web3 authentication tools that we recommend checking out.
The authentication tools mentioned in this article are all excellent options for businesses and individuals looking for a more secure and private way to authenticate users.
Each tool has its own strengths and weaknesses, so it is important to choose the one that best meets your needs.
I hope you learned a lot from this article, to learn more and follow us as we explore the world of web3 technologies, join the crew at Dipprofit Telegram
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