Magic goes live on Avalanche; bringing passwordless authentication to Internet of Finance
By Pavithra R
Avalanche, an open-source platform for launching decentralized finance (DeFi) applications and enterprise blockchain deployments has announced that the company has integrated with Magic, a leader in passwordless logins and user-friendly key management in crypto securing over 20 million user authentications per month.
Magic formerly Fortmatic, since its launch in February 2019, over 6,500 developers–including established DeFi brands like Uniswap, Aave, Augur, Bancor, and Zerion have used its products and experienced dramatic improvements in user conversion rates, from ~10% (with browser extensions) to 84%.
The combination of Magic’s software and Avalanche’s complete support for the Ethereum Virtual Machine and all of its tooling has made it easier for developers across the Ethereum, Magic, and Avalanche communities to launch powerful applications with frictionless onboarding experiences.
Founded in 2018, Avalanche is an open-source platform for launching highly decentralized applications, new financial primitives, and new interoperable blockchains. Developers using Avalanche can create robust, reliable, and secure applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.
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