Magic is a Wallet-as-a-Service (WaaS) platform that provides developers with tools to streamline user onboarding for decentralized applications, including those built on the Hedera network. The platform's core offering is an SDK that enables seamless authentication and the instant creation of non-custodial wallets for end-users, bypassing many of the traditional complexities of Web3.
For the Hedera ecosystem, Magic allows dApp developers to offer familiar Web2 login methods, such as email or social accounts, instead of requiring users to manage seed phrases or install separate browser-extension wallets. When a user logs into a Magic-enabled Hedera dApp, a secure, Hedera-compatible wallet is automatically generated for them in the background. This wallet is fully capable of interacting with the Hedera network, allowing the user to sign transactions, manage HBAR and HTS tokens, and engage with smart contracts.
The underlying technology uses a delegated key management system, where private keys are encrypted and stored in secure hardware modules, ensuring users retain full control and ownership of their assets without the burden of direct key management.
Project Information
Related Projects
Upbit is cryptocurrency exchange based in South Korea with offices in Singapore, Indonesia, and Thailand. It is operated by Dunamu, a leading South Korean fintech company and is one of the the largest exchanges by trading volume on the Hedera network and in the south Asian market where it plays a crucial role in providing liquidity and accessibility for the Hedera blockchain network. Upbit is a primary on-ramp for the Hedera native cryptocurrency token, HBAR, through its secure, high-volume mobile apps offering real-time trading, diverse asset support, and robust security, especially in the South Korean cryptocurrency markets.
Upbit is known for its strong emphasis on security and regulatory compliance within South Korea's stringent framework. They have obtained numerous security certifications, including Personal Information and Information Security Management System (ISMS-P) and International Organization for Standardization / International Electrotechnical Commission (IOS/IEC), and employ advanced AI-driven fraud detection systems operated by dedicated anti-money laundering teams.
HashAxis is a global NFT marketplace built on the Hedera network, designed for buying, selling, and discovering digital collectibles and non-fungible tokens (NFTs). It leverages the Hedera Token Service (HTS) to mint, manage, and trade NFTs and is supported by the HBAR foundation.
A key advantage of HashAxis is its utilization of Hedera's low and predictable transaction fees, high-speed performance (capable of 10,000 transactions per second), and carbon-negative footprint. This makes creating, buying, and selling NFTs comparatively more accessible and environmentally friendly. HashAxis also supports native Hedera functionalities including “atomic swaps” for secure peer-to-peer trading and on-chain royalty payments, which provide automatic compensation to creators for secondary sales.
HashAxis integrates “Filecoin” for decentralized NFT storage and is one of the only NFT marketplaces to offer a streamlined, no-code interface for users to engage with digital collectibles across various categories, including art, profile pictures and more.
Indodax, founded in 2014, is one of the largest and oldest cryptocurrency exchanges serving the Indonesian market. It provides a platform for users to buy, sell, and trade a wide array of digital assets using the Indonesian Rupiah (IDR). The exchange boasts millions of registered users
Indodax offers a comprehensive suite of trading services including spot trading for numerous cryptocurrencies, ranging from major coins such as Bitcoin and Ethereum to a diverse selection of altcoins. The platform features a mobile application with distinct "Lite" and "Pro" modes to cater to both novice and experienced traders. Users can also engage in staking to generate passive income from crypto holdings.
The exchange places a strong emphasis on user education through its "Indodax Academy," which provides resources on blockchain technology and cryptocurrency trading. It is registered and licensed by Indonesia's Commodity Futures Trading Regulatory Agency (BAPPEBTI), underscoring its commitment to operating within the local regulatory framework.
Qples is a digital promotions platform that specializes in the creation, distribution, and validation of digital coupons for Consumer Packaged Goods (CPG) brands and retailers. The platform provides an end-to-end solution for delivering targeted offers to consumers through various channels, including mobile wallets and print-at-home formats.
It’s goal is to address long-standing challenges in the coupon industry, most notably fraud and the lack of real-time validation through its integration with the Hedera blockchain network. By leveraging the Hedera Consensus Service (HCS), Qples creates a verifiable and immutable record for each digital coupon it issues. When a coupon is created, its unique data is hashed and submitted to the Hedera public ledger, generating a "proof of state" with a secure, tamper-proof timestamp.
This on-chain verification allows for real-time authentication at the point of sale, effectively preventing fraudulent redemptions and unauthorized duplication through the creation of a universal, single-use digital asset. Its integration with the Hedera blockchain network enables Qples to offer brands a highly secure, transparent, and data-rich promotions solution.