Password-based authentication is notoriously fragile - with many people reusuing the same password for every site they use, and the majority of all breaches caused by passwords. Magic is striving to bring an end to the traditional password authentication method, by providing developers with the tools to adopt secure, passwordless instant access to Web 3.0 wallets.
The company is trusted by Web 3.0 trailblazers including ImmutableX, Magic Eden, Zerion and Helium. It has continued to develop new capabilities as the Web 3.0 space matures - for instance with its collaborative launch of an all-in-one Web 3.0 loyalty solution with Uptop - to ensure that it remains able to deliver what the industry needs.
Magic has attracted significant investment from the likes of Northzone and Tiger Global, as well as from PayPal Ventures. This capital is being used to support the expansion of its functionality and the building up of more use cases.
Kirsty
Company Specialist at Welcome to the Jungle