Announced at India Blockchain Week, Okto Wallet launches new SDK that plans to revolutionize Web3 Adoption in India.
In a move poised to accelerate India’s Web3 market, Okto, the Web3 Wallet App developed in collaboration with CoinDCX and supported by prominent investors including Steadview, BCap, Coinbase Ventures, Pantera, and Bain Capital Ventures, announced the release of its Okto embedded wallet SDK.
The announcement, made at India Blockchain Week, ETH India, and PolygonConnect, marks a significant stride towards simplifying Web3 adoption in the country.
Okto’s innovative embedded wallet SDK is a game-changer for developers, aiming to empower them with a cutting-edge Software Development Kit. This tool facilitates the seamless integration of Web3 wallets into various applications, streamlining the onboarding process into the Web3 ecosystem. By doing so, it unlocks the full potential of Web3 interoperability, composability, and smart contracts while ensuring an exceptional customer experience.
A major breakthrough is the speed of Web3 integration achieved by Okto’s SDK—an industry first, allowing any app or internet company to integrate Web3 in just five minutes. This rapid transition, typically taking weeks with multiple developers, is now streamlined and can be effortlessly managed by a single developer.
India, ranking among the top five countries for crypto adoption and Web3 products, has witnessed a surge of interest from mainstream apps exploring Web3 integration. However, the complexities involved, such as understanding Web3 development tools, compliance, and onboarding, have posed challenges. Okto’s embedded wallet SDK addresses these challenges by simplifying the transition from conventional to Web3, enabling any app or internet company to seamlessly integrate with Web3 infrastructure in just five minutes.
Neeraj Khandelwal, Founder of Okto, highlighted the transformative potential of the embedded wallet SDK, stating, “The Okto embedded wallet SDK emerges as a key enabling factor, facilitating any internet company to efficiently and economically harness the power of Web3.
Leveraging Okto SDK will significantly expedite the development process, saving both time and financial resources for companies. With the Okto SDK, we envision the widespread adoption of Web3 technologies, reaching a user base of 50 million.”
Customers using apps with Okto’s embedded wallet SDK can open their Web3 wallet within the same app, retaining self-custody through Okto’s account abstraction and MPC technologies. The technology ensures users’ assets’ security, allowing them to use their assets across the wide interoperable and composable ecosystem of Web3.
As Okto stands at the forefront of accelerating mass adoption in Web3 and the broader blockchain economy, its commitment remains unwavering. Okto aims to create a transformative landscape where Web3 technologies and decentralized finance become integral components, driving innovation and widespread accessibility for users in India and worldwide.
