AllianceBlock, which establishes gateways between decentralized finance and traditional finance, has introduced the Nexara ID smart wallet, a state-of-the-art solution that will facilitate the adoption of blockchain.
About Nexara ID
Built on the Nexara protocol, Nexara ID is a programmable smart wallet created to provide personal surveillance, privacy and security. In Nexara ID, users’ credentials and assets are stored with metaNFTs created by the Nexara protocol.
How Nexara ID Works
Users set their own rules when making transactions on Nexara ID. MetaNFT acts as a digital passport for the subsequent transition to Web3, maintaining user security in Nexara ID. Nexara ID not only holds digital assets, but also acts as a smart wallet that can store users’ credentials and the rules they set.
Statemant of AllianceBlock Co-Founder and CEO, Rachid Ajaja
“Nexera ID solves some of the biggest challenges in the space today around self-sovereignty, self-custody and privacy. This solution allows users, projects and institutions to have programmable smart wallets with multi-factor authentication and to customize their recovery rules in case of hacks, lost private keys, or mnemonics. Builders and developers can easily integrate Nexera ID to create interoperable solutions that makes it easy to use their platforms and solutions. With Nexera ID, we are ushering in the next era of self-sovereignty, self-custody, security of digital assets and protecting users’ privacy.”
Nexara ID has access to custodial, semi-custodial and non-custodial wallets, and also supports Web2-based login platforms to facilitate users’ login to Web3. Nowadays, almost everyone has a Web2 ID. Users can easily log in to Nexara ID with any of their Web2 IDs. Users can set special rules for their transactions with their smart wallets after the login process. Based on this information, we can say that users have full supervisory control over their smart wallets.
Statemant of AllianceBlock Co-Founder and CEO, Rachid Ajaja
About AllianceBlock
AllianceBlock is a DeFi infrastructure firm founded by Rachid Ajaja, Matthijs de Vries and I.N Amber Ghaddar that builds seamless gateways between traditional finance and decentralized finance. AllianceBlock provides companies and financial institutions with all the tools they need to provide seamless access to the DeFi area. AllianceBlock wants to create a completely decentralized and globally harmonized capital market.
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