Rumper Receives Investment From Coin98

04/11/2023 13:33 • AI Insights • 71 views

On April 11th, Rumper, a Web3 social login solution, received investment from Coin98, with an undisclosed investment amount. Ramper is developing an SDK/API for authentication, key management, and cryptocurrency/NFT purchases for DApp built on multiple chains to simplify the use of Web3 users.

Web3 Social Login Solution Ramper Invested in Coin98

On April 11th, Rumper, a Web3 social login solution, announced that it had received investment from Coin98, although the amount of investment remains undisclosed. This move comes as Rumper works on developing an SDK/API for authentication, key management, and cryptocurrency/NFT purchases for DApp built on multiple chains to simplify the use of Web3 by its users.

What is Rumper?

For those unfamiliar with it, Rumper is a Web3 social login solution designed to make it easy for users to integrate their social accounts with their DApps. Web3 is the decentralized web, which is a quickly growing sector of the web that is based on blockchain technology. DApps (short for decentralized applications) are also built on blockchain technology and, like all blockchain-based technologies, need secure authentication and key management.

The Need for a Web3 Social Login Solution

One major challenge facing the blockchain space is that every DApp requires its own authentication and key management solution, which can be cumbersome and time-consuming for users. Rumper solves this problem by providing a simple solution that enables users to authenticate once and then use that authentication across any DApp that integrates with their social account.

Coin98 Investment in Rumper

Coin98, which is a popular crypto wallet in Asia, is investing in Rumper because they see the potential for the Web3 social login solution to help drive the adoption of DApps across the globe. With Rumper’s platform, users will be able to authenticate and transact on different blockchains without needing to separately manage a large number of accounts. Coin98 hopes that by investing in Rumper, they can be a part of this trend towards simplification and make it even easier for people to participate in the decentralized web ecosystem.

Conclusion

Overall, the investment from Coin98 is a great vote of confidence in Rumper and its potential to help drive adoption of DApps more broadly. By creating a streamlined solution for authentication and key management, Rumper simplifies the process of accessing multiple DApps. This development comes at a time when the growth of blockchain-based technologies is likely to continue unabated, making the presence of user-friendly solutions like Rumper all the more essential.

FAQs

What is Web3?

Web3, also known as the decentralized web, is a growing sector of the web that uses blockchain technology to create decentralized applications (DApps).

What is the significance of Rumper’s Web3 social login solution?

Rumper’s Web3 social login solution is significant because it makes it easy for users to authenticate and transact on different blockchains without needing to manage a large number of accounts. This solution can help drive adoption of DApps more broadly.

Why did Coin98 invest in Rumper?

Coin98 invested in Rumper because they see the potential for the Web3 social login solution to help drive the adoption of DApps across the globe. Coin98 hopes to be a part of this trend towards simplification and making it even easier for people to participate in the decentralized web ecosystem.

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