Next-gen ZenGo crypto wallet integrates on Polygon with no seed phrase vulnerability

  • The integration of ZenGo to Polygon will ensure bulletproof security against hacks and scams with MPC technology already tested by Fireblocks.
  • ZenGo takes pride in over 800k global users with 24/7 customer support.

ZenGo, a self-custodial cryptocurrency wallet that uses Multi-Party Computation (MPC) tech to guarantee security, has integrated with Ethereum’s scaling network Polygon (MATIC). The Polygon network users can use ZenGo to store digital assets without the need for storing security seed phrases. By eliminating a single point of failure, ZenGo allows iOS and Android users to tap on 30-year-old MPC technology.

Furthermore, the MPC technology has been used by institutional investors to securely store billions of dollars without any reported glitches. As such, ZenGo anticipates helping polygon onboard billions of global users in a secure ecosystem.

Ouriel Ohayon, ZenGo CEO and Co-Founder said:

We’re delighted to become the first Polygon wallet with no seed phrase vulnerability and built-in web3 firewall protection. We’ve been blown away by the innovation, engagement, and growth in the Polygon ecosystem, and the global brands building on it, and can’t wait to securely onboard newcomers.

Network hacks, rug pulls, and lost key phrases were rampant in 2022 and significantly contributed to the crypto crash that liquidated over $2.2 trillion in less than six months. Perhaps the biggest case of lost key phrases was by Peter Schiff, a global chief economist at Europac.com.

The integration of ZenGo to Polygon will ensure bulletproof security against hacks and scams with MPC technology already tested by Fireblocks.

“Today, digital asset security is still one of the biggest concerns, especially when it comes to those just starting their web3 journey,” said Hamzah Khan, Head of DeFi at Polygon Labs. “This is why the integration of ZenGo is so beneficial to Polygon users, allowing them to reliably and securely self-custody their cryptocurrencies.”

ZenGo and the crypto market outlook

ZenGo provides over 800k global users with secure access to the Web3 market to trade NFTs and hundreds of digital assets. In addition to the MPC tech, ZenGo provides crypto users with Its built-in firewall dubbed ClearSign. Notably, ClearSign helps users understand the permissions they are approving, preventing them from signing dangerous transactions.

Subscribe to our daily newsletter!


          No spam, no lies, only insights. You can unsubscribe at any time.

As a result, ZenGo users have full control of their assets and can easily recover lost wallet access. The FTX collapse has significantly exposed the dangers of storing digital assets in centralized crypto exchanges. Furthermore, it is not yet clear three months later when FTX customers and creditors will be reimbursed.

As a result, on-chain data shows the trading volume of decentralized platforms and non-custodial wallets has significantly shot up in the past few months. ZenGo has strategically placed itself to help onboard both novice and experienced crypto traders in the coming years. Moreover, ZenGo has partnered with the likes of Banxa to help traders seamlessly purchase digital assets.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

About Author

Let’s talk crypto, Metaverse, NFTs, and CeDeFi, and focus on multi-chain as the future of blockchain technology. I like analyzing on-chain data in search of reliable investment.

Comments are closed.