Innovation in the Web3 Ecosystem: The Breakthrough Collaboration Between Mocaverse and Web3Auth

The mass adoption of decentralized applications has always been hindered by accessibility and user experience. Even with account abstraction, smart contract wallets still face limitations in asset portability. However, Realm Network, under Animoca Brands, is changing this situation.

Realm Network is a core component of the Moca Network ecosystem, serving as an interoperable infrastructure layer connecting Web2 and Web3 platforms. It encompasses decentralized applications across various fields such as gaming, music, sports, intellectual property, and education, all operating within a shared economy.

With features like Realm accounts, Realm IDs, and Realm points, users can access multiple applications with just one smart contract wallet. Decentralized Identity (DID) is responsible for managing identity and on-chain reputation tracking.

The successful case of MocaID fully demonstrates the potential of the Realm Network. Since its launch in November 2023, MocaID has achieved nearly 1.5 million unique on-chain minting in just six months, becoming a rapidly growing platform within the Mocaverse partner network.

Realm Network adopts Web3Auth's Multi-Party Computation (MPC) technology to achieve cross-application interoperability of smart accounts. Users can generate the same wallet address using familiar social login methods (such as Gmail), thereby enabling seamless asset ownership and credential persistence across multiple domains.

Every Realm Network user can obtain a unique digital identity—Realm ID—through social login. This not only provides privileged access but also allows the accumulation of Realm points, the establishment of reputation, and the earning of assets that can be used throughout the Realm network.

Realm Network's innovation provides developers with a completely new permissionless platform. They simply need to integrate Realm ID into their decentralized applications to leverage the existing user base. Decentralized platforms can now utilize the communities that already exist in the network and reward active users with Realm points.

Users have complete control over their smart accounts and can freely transfer and trade the assets earned from the exchange. This economic freedom of circulation creates a more unified user experience and infinite possibilities. For example, the output of one application can serve as the input for another, facilitating cross "pollination" among ecosystem members.

In addition to asset portability, Realm Network has also improved user accessibility by implementing Web3Auth's MPC Corekit. Users can access their wallets through familiar Web2 login methods (such as Google or Twitter), thereby lowering the entry barrier and creating a more inclusive Web3 experience.

MPC key management also enhances the security of users' digital assets. Since key access is distributed among multiple parties, the risk of single points of failure and unauthorized access is greatly reduced. This robust security framework boosts user confidence, encouraging more people to participate in decentralized applications and financial services.

The integration of the Web3Auth wallet ecosystem with the Realm Network redefines user-friendly applications in Web3. It not only provides users with a seamless on-chain experience but also opens up tremendous opportunities for decentralized applications that seek to connect the fragmented economies within the ecosystem. This innovative collaboration is driving the Web3 ecosystem towards a more open, interconnected, and user-friendly direction.