The Innovation of the Web3 Ecosystem: The Path of Integration between Mocaverse and Web3Auth

Accessibility and user experience have always been significant barriers to the widespread adoption of decentralized applications. Even with account abstraction technology, smart contract wallets still face limitations in asset portability. Typically, assets within wallets using the ERC-4337 standard can only be used within specific applications. However, Animoca Brands' newly launched Realm Network is changing this situation.

Realm Network is a product of Animoca Brands' strategic integration of the Web3Auth wallet ecosystem. As a leader in the NFT and digital ownership space, Animoca Brands has created a dApp network with a natively embedded wallet through this innovation. This allows tokens and NFTs to circulate seamlessly across the network, greatly enhancing the portability of applications leveraging account abstraction technology.

Realm Network is a core component of the Moca Network ecosystem, serving as an interoperable infrastructure layer that connects Web2 and Web3 platforms, covering various fields such as gaming, music, sports, intellectual property, and education dApps. With features like Realm accounts, Realm IDs, and Realm points, users can access multiple applications with a single smart contract wallet, while decentralized identity (DID) manages 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 mints in just six months, becoming a rapidly growing platform within the Mocaverse partner network. Considering that the Animoca Brands ecosystem covers over 700 million Web2 and Web3 users, there is enormous potential for future growth.

Realm Network chooses to use the Web3Auth wallet ecosystem primarily to address the interoperability issues of Account Abstraction (AA) wallets. Traditionally, developers often had to make trade-offs between usability and interoperability. However, with Web3Auth's Multi-Party Computation (MPC) technology, Realm Network successfully achieves smart account interoperability across dApps. Users can generate the same wallet address using social logins like Gmail, enabling seamless asset ownership and credential persistence across multiple domains.

With the support of the Web3Auth wallet ecosystem, every Realm Network user can obtain a unique digital identity—Realm ID—through social login. This not only provides privileged access but also enables the accumulation of Realm points (loyalty points), the establishment of reputation, and the earning of assets that can be used in various dApps within the Realm network.

The innovative features of the Realm Network have opened up new application scenarios:

1. Portable identity and assets: Provides developers with a permissionless platform that integrates Realm ID to access existing user base.

2. Loyalty and profile scoring: Decentralized platforms can leverage existing communities within the network and use Realm points to reward active users.

3. Permanence and liquidity of assets: Users have full control over their smart accounts, allowing them to freely transfer and trade earned assets, facilitating the free flow of the economy within the network.

The wallet ecosystem of Web3Auth is not just a tool, but a catalyst for building cohesive communities and composable applications, helping to unify identities and assets across various blockchain applications.

In addition to achieving asset portability, the Realm Network has also enhanced 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 barriers to Web3 and creating a more inclusive experience.

In terms of security, MPC key management technology enhances the protection of users' digital assets. Key access is distributed among multiple parties, reducing the risks of single points of failure and unauthorized access, thereby boosting user confidence and 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 creates significant opportunities for dApp developers looking to connect decentralized economies within their ecosystems. This innovative fusion is driving the Web3 ecosystem towards a more open, interconnected, and user-friendly direction.