Yellow Network and Privy.io Unite to Break Web3's Entry Barriers

Yellow Network and Privy.io have forged a strategic partnership to streamline Web3 onboarding through Telegram integration. The alliance aims to bring 100 million users into the crypto ecosystem.

The partnership has already demonstrated significant traction. More than 1.7 million users have joined through Telegram alone. Yellow Vault, the platform's storage solution, currently serves over 2.5 million active users.

Yellow Network's decentralized clearing solution will integrate with Privy.io's Web3 onboarding platform. Users can now create account abstraction wallets using familiar authentication methods. The system supports Email, Google, Discord, and EOA Wallets.

"Web3 adoption has always been stifled by complexity," said Louis Bellet, CEO and Co-Founder of Yellow Network. "This partnership brings solutions that will allow millions of people around the world to adopt decentralized technologies in a seamless and intuitive way."

The partnership is a big change in how easy it is to get crypto. Yellow Network's method uses how users already act instead of forcing them to learn new interfaces. This strategy has worked to lower the barriers to entry. And the partnership goes beyond just integrating Telegram. Both businesses are looking into more ways to verify users in order to reach more people. The main goal is still to make it easier for people to use decentralized technologies.

The infrastructure of Yellow Network supports the rising need for crypto services. Their state channel technology-powered decentralized clearing network fixes the problems with the way crypto trading has been done in the past. The system puts security and capital efficiency first. The project is part of a larger trend in the industry toward making it easier for people to use crypto. Market watchers say that making onboarding easier for users could speed up the adoption of digital assets by most people. The way Yellow Network and Privy.io did things could be used as a model for future efforts to integrate.

Traditional financial platforms have had a hard time connecting traditional services with crypto services. The partnership between Yellow Network and Privy.io could be the answer. When you put their technologies together, you get a more open environment for trading digital assets.