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
KPAY is a fintech company that provides a comprehensive suite of payment processing and financial management solutions for businesses. Its core service is its unified pay-in and pay-out platform. For pay-ins, the company offers a range of solutions, including smart point-of-sale (POS) terminals, QR code payments, and online payment gateways that support a wide variety of payment methods. For pay-outs, KPAY provides a business account with features for managing expenses, paying bills, and making international remittances.
KPAY's platform is a comprehensive financial and operational hub for merchants. The pay-in solutions are a key product, featuring Smart POS Terminals that accept over 12 major payment methods, including credit cards, mobile wallets, and QR code payments. This ensures a smooth checkout experience for customers.
For business operations, the KPay Business Account enables merchants to manage all their expenses in one place. This includes end-to-end bill payment, payroll management, and fast, affordable international remittances in multiple currencies. The platform also offers a suite of over 100 operational tools, such as industry-specific POS system integrations, CRM and loyalty systems, and data-driven financing solutions to help businesses grow.
Kabuto is a decentralized name service built on Hedera that allows users to register blockchain domains such as .hh and manage human-readable names secured by NFTs and smart contracts. It supports address and text records across multiple blockchains, making it easier for users to interact with digital assets and identities in a unified way. The platform was originally launched with a mirror node and explorer by LaunchBadge, providing tools for developers and users to view and interact with Hedera network data, though this component was later paused.
Kabuto continues to focus on decentralized identity and naming services, offering governance capabilities and DAO-ready features that allow users to participate in managing domain functionality and settings. By combining user-friendly naming with Hedera’s fast, secure, and scalable infrastructure, Kabuto aims to simplify blockchain interactions and promote wider adoption of the Hedera ecosystem.
StraitsX is digital payment infrastructure provider and stablecoin issuer licensed by the Monetary Authority of Singapore (MAS) as a major payment Institution. It aims to bridge traditional finance (TradFi) with the digital asset economy, offering solutions for businesses and individuals to access and utilize digital currencies.
It’s primarily known for its stablecoins, which include XSGD, a token pegged to the Singapore dollar, XIDR a token pegged to the Indonesian rupiah, and XUSD, which is pegged to the US dollar. These stablecoins are designed to maintain a 1:1 synchronicity with their respective fiat currencies and feature reserves held in licensed financial institutions.
StraitsX emphasizes transparency and regulatory compliance, with each of its stablecoins issued in accordance with MAS frameworks.
The firm’s solutions support multi-chain operations, with its stablecoins available on various blockchain networks including Hedera, enabling faster, scalable, and cost-effective transactions. The company provides APIs for seamless integration, which allow businesses to accept payments, facilitate payouts, and conduct blockchain transactions.
StraitsX also offers personal and business accounts for minting, issuing, redeeming, and transacting with its proprietary stablecoins. It is currently partnered with various financial institutions including RedotPay and Visa to enable digital asset spending via card programs.
Inara World is a publishing platform that is working to create a new, tokenized economy for ebooks. Its focus is on solving the revenue and engagement challenges that authors face in the traditional publishing market.
The core of Inara's service is its "Streaming Ebooks" platform. This innovative model allows readers to pay for what they read, one page at a time, through a system of micropayments. This eliminates the need for readers to purchase an entire book upfront or to subscribe to a service. For authors, the platform provides a direct and transparent revenue stream, where they are paid for every page that is read.
The entire Inara World platform is built on the Hedera network. This integration is fundamental to the platform's ability to process a high volume of micropayments in a fast, secure, and cost-effective manner. By using Hedera, Inara provides a seamless and scalable solution for its tokenized ebook economy, creating a more equitable and engaging experience for both authors and readers.