ZenGo stands as the epitome of security in the realm of self-custodial wallets, employing the cutting-edge technology of Multi-Party Computation (MPC).
Founded in 2018 by Ouriel Ohayon, ZenGo is a cutting-edge multichain MPC wallet. With support for over 70+ crypto assets, ZenGo offers seamless connectivity to thousands of NFT and DeFi applications. The startup has successfully raised $24M in venture capital, including a recent Series A funding round in April 2021, which brought in $20M from esteemed VC firms like Insight Partners and FJ Labs.
ZenGo places a strong emphasis on security, employing a unique approach to safeguarding user funds. By utilizing two independently created mathematical “secret shares,” ZenGo ensures that there is no single point of failure. Additionally, the wallet incorporates three-factor authentication (3FA), enabling customers to easily recover their funds in case of a lost or stolen device. This can be achieved through a 3D biometric face scan, an email account, or ZenGo’s recovery kit.
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