Realm Network: The Innovative Path to Reshape the Web3 Ecosystem

The mass adoption of decentralized applications has always faced challenges in terms of accessibility and user experience. Even with account abstraction technology, smart contract wallets still have limitations on asset portability. However, the Realm Network launched by Animoca Brands is changing this situation.

Realm Network is a core component of the Moca Network ecosystem, serving as an interoperable infrastructure layer connecting Web2 and Web3 platforms, covering decentralized applications in various fields such as gaming, music, sports, intellectual property, and education. Through features like Realm account, Realm ID, and Realm Points, users can access multiple applications using a single smart contract wallet, while managing their identity and on-chain reputation tracking through decentralized identity (DID).

The 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 minting in just six months, becoming a rapidly growing platform within the Mocaverse partner network.

Realm Network utilizes Web3Auth's Multi-Party Computation (MPC) technology to achieve smart account interoperability across decentralized applications. Users can generate the same wallet address through social logins like Gmail, allowing for seamless asset ownership and credential persistence across multiple domains.

The uniqueness of Realm Network lies in its portable identity and assets, loyalty and profile scoring system, as well as the permanence and liquidity of assets. Developers can integrate Realm ID into their decentralized applications, leveraging existing communities and using Realm points to reward user interactions. Users have complete control over their smart accounts and can freely transfer and trade the assets earned from exchanges.

By implementing Web3Auth's MPC Corekit, Realm Network prioritizes user accessibility. Users can access their wallets through familiar Web2 login methods, thereby lowering the barrier to entry into Web3 and creating a more inclusive experience. Additionally, MPC key management enhances the security of users' digital assets, reducing the risks of single points of failure and unauthorized access.

The integration of Realm Network with the Web3Auth wallet ecosystem provides users with a seamless on-chain experience while opening up tremendous opportunities for decentralized applications looking to connect the fragmented economies within their ecosystems. This innovative approach not only redefines user-friendly applications in Web3 but also paves the way for the development of the entire decentralized ecosystem.