In a Sept. 13 press release, the layer-1 blockchain solution Sui revealed a “zkLogin (Zero Knowledge login)” feature. It will allow users to access decentralized applications (DApps) by using their existing login credentials for Web 2 platforms, including Twitch, Facebook, and Google.
The development aims to bridge the gap between Web 3 and Web 2 with an authentication solution. The Sui Foundation also plans to incorporate the zkLogin interface into various Web 2 platforms, such as Amazon, WeChat, Microsoft, and Apple. This new feature will make it easier for users unfamiliar with ‘web3’ by giving them full access without the complexity of dealing with external crypto wallets.
Managing director of the Sui Network, Greg Siourounis, said:
“By enabling users to access dApps with the social logins they have grown comfortable using, zkLogin removes a major hurdle for bringing the benefits of blockchain-based applications to billions of mainstream users.”
Onboarding has been a persistent challenge in the blockchain industry. Both new and experienced users have voiced concerns about various usability issues. These include signing for transactions, managing seed phrases, and providing complex information to access certain DApps.
Co-founder and CPO of Mysten Labs, Adeniyi Abiodun, showed the same frustration. He pointed out many individuals find it tough to install web3 wallets and handle seed phrases. Moreover, the Sui Foundation emphasizes that the zkLogin feature maintains utmost security and preserves user privacy in all DApps on the blockchain. The underlying technology, known as zero-knowledge proof, ensures that no third parties can access the data.
A recent report from DefiLlama indicated a significant increase in trading activity within the Sui network. Trading volume is currently around $3.33 million, almost double the $1.57 million recorded on September 8. At the time of writing, the SUI token was trading at around $0.441, marking a 0.94% increase in the last 24 hours.
Companies Are Expanding Web3 Space
Sui Foundation isn’t the only organization working to make Web3 more accessible to everyone. The cryptoy exchange DYOR revealed on August 28 that it was developing a social media-like application for individuals to interact with the DeFi market.
Moreover, a new Web3 gaming firm named Moxy has been striving to introduce gamers to the Web3 landscape. Moxy has created a competition-based Esport that allows users to bet against each other rather than the play-to-earn model.