Supra launches StarKey Wallet, a self-custodial wallet to revolutionize multichain crypto management
Nickie Louise
Posted On July 30, 2024
Web3 is a vast universe of chains and dApps, and securing and managing digital assets across multiple blockchains is crucial. To address this need, Supra, a prominent layer-1 blockchain, has unveiled a new tool to make cryptocurrency and Web3 experiences simpler and more secure for users.
Ahead of its upcoming Token Generation Event (TGE), Supra today announced the launch of its StarKey Wallet, a self-custodial and multichain wallet featuring a groundbreaking security measure called “Split Key Recovery.”
Initially available for download on Google Chrome through the official Chrome Web Store, StarKey Wallet will soon be launching on mobile and other browsers like Brave and Mozilla Firefox. The wallet achieved over 130,000 downloads within the first three days of its release and has received 300+ five-star reviews on the Chrome store, indicating a strong demand for a secure and user-friendly wallet solution.
Commenting on the launch Supra CEO Joshua Tobkin said, “We are ecstatic to introduce StarKey Wallet to the Web3 community. Our mission has always been to provide secure, user-friendly solutions that empower users to explore the limitless possibilities of Web3 technology, and StarKey Wallet is a testament to our commitment to not only this innovation but our dedication to security as well.”
Tobkin added, “With features like Split Key Recovery and multichain connectivity, we are setting a new standard for self-custodial wallets. The incredible response we’ve received in the first few days highlights that the crypto community shares our vision. We believe StarKey Wallet will become the go-to wallet for Web3 enthusiasts and developers alike.”
StarKey Wallet’s Split Key Recovery: A Game-Changer in Web3 Security
Unlike the other wallets on the market, StarKey Wallet introduces several innovative features, with the most prominent being the “Split Key Recovery” method for private key backup. This method divides the user’s recovery key into three unique fragments, stored across the cloud, a local storage device, and a guardian, requiring only two fragments along with the user’s password for recovery. This approach enhances security by eliminating a single point of failure, making it far safer than traditional non-custodial wallets.
The secure design of StarKey Wallet, along with the entire product, was thoroughly audited by Web3 security experts CD Security, ensuring the highest levels of industry security and allowing users to explore Web3 with confidence.
In addition to its pioneering security, StarKey Wallet also offers multichain connectivity, allowing users to manage their assets across multiple blockchain networks, including Supra, Ethereum, Aptos, Sui, Solana, and more. The wallet automatically detects and displays tokens from any network associated with the user’s addresses.
Future updates for StarKey Wallet include StarKey Assist, which will provide automated alerts and updates about gas fees, asset detection, and other essential notifications. Users will also benefit from the Auto-Detect Networks Custom Gas Trigger, enabling them to execute transactions automatically when gas fees meet their preset thresholds, as well as the ability to manage smart accounts within the same app as their Web3 hot wallets.
Exciting Step Toward TGE
As the official wallet of Supra, and the only wallet that can manage the $SUPRA token at TGE, the launch of StarKey Wallet marks a significant milestone in the roadmap for Supra’s L1. With a core community of 512,000 KYC’d token holders, the wallet is set to provide the best possible self-custodial solution for interacting with one of the most powerful Layer-1s in the industry. Supra’s L1, powered by the Moonshot consensus mechanism, boasts blazing-fast performance and robust security, processing 530k transactions per second across 125 globally distributed nodes.
The launch of StarKey Wallet also enables everyday Web3 users to leverage these innovative technologies, establishing Supra as a global leader in the blockchain industry.
Founded in 2020, Supra is a blockchain that vertically integrates oracles, bridges, automation, and randomness into a powerful Layer-1 with MultiVM compatibility. Supra also provides oracle price feeds and verifiable randomness across 80+ blockchains, solving real problems for dApp developers and scaling Web3.
