privy

1/ Every Friday, we ship to make building on Privy better.

Bitcoin (Segwit) support launches today 🟧

Privy now supports non-custodial Bitcoin wallets, so you can onboard users and sign BTC transactions directly in your app.

Privy supports key management across chains with low-level signers. We also offer higher level support for key ecosystems, like Bitcoin!

Lots more coming here!

Privy supports key management across chains with low-level signers. We also offer higher level support for key ecosystems, like Bitcoin!

Lots more coming here!

https://docs.privy.io/wallets/overview/chains

Consumer Crypto

The Coinbase superapp era is here!

Amazing launch team @jesse.base.eth @wilsoncusack. Very inspiring and excited to see what we can all build together!!

Wrote some thoughts on focus, shipping, and the long game in consumer crypto.

natemodi.com/blog/focus

Great read

“But when the meta shifts every other week you stop hoping for perfect conditions and just build toward what feels inevitable.”

Two use cases in crypto with product-market fit: speculation and stablecoins.

Today, if you don't play in the speculation stack, you miss out of the $$$ spent by the relatively small population of hardcore crypto users (and occasionally a sudden surge of retail interest when there's a big meme event). This space is attractive for startups since a relatively small number of users by consumer standards can generate a lot of revenue.

Stablecoins grew out of the speculation stack over the last decade, but now with the GENIUS Act, you're going to see a flood of non-crypto companies with existing distribution start to play around with crypto. This space is much harder for startups since stablecoins require massive scale to be a good business (and will become worse if interest rates fall).

The challenge today is that if you're somewhere in-between speculation and stablecoins, the thing you need to make your business successful is users who spend some amount of crypto. And that market is not that big yet.

So the imperative is to grow size of the market. The best way to do that is build fun and entertaining apps and experiences.

This is what we're focused on with the Farcaster app and why I'm constantly telling people other stuff isn't a priority relative to user growth.

They feed each other and will converge. 

But know where you’re starting.

embeddedwallets

1/ Without strong auth, wallets are vulnerable, no matter how good the cryptosystem.

Privy’s embedded wallets protect access with 3 core levers:
1️⃣ Deep auth integrations
2️⃣ MFA + auth quorums
3️⃣ Policy-based defense in depth

Here’s how 🧵

Beyond cryptosystem architecture and infra, ask how your provider connects wallets to users. 

Many attack vectors on wallet systems target auth (eg phishing) rather than cryptosystems.

Enabling strong, extensible auth for wallets is a cornerstone of secure systems at Privy.

get yourself teammates who would incentivize you with socks to complete your security training

thanks @jayhinz

I gotta I’m sorry. https://www.privy.io/careers

But also this is dope @jayhinz we should def have SOC socks as an org!!!

big quotecast energy. building @privy. all the web3 ops things since 2018.

1/ What does it take to serve high-value users in DeFi?

From automated portfolio rebalancing to institutional signers, today’s apps need secure, programmable infra that works across users, chains, and devices.

Here’s what that looks like with Privy 🧵

80% of our work is rooted in speed and simplicity. The other 80% is extensibility so you have a system that scales across all your needs. 

DeFi pushes us more deeply than any other vertical.

Rewards

@shawmakesmagic I tap out. 

Please win it for us both.

It takes a village!

Tipped the top 470 peeps (current wallet holdings)!

Onit.

🏆 Congratulations to the top predictors of the Farcaster Rewards market. 

🥇 @woj.eth 
🥈 @atown 
🥉 @sayangel 

Tune in next week to see if @henri can hold the title!

https://onit.fun/m/0x4008c6aEEC7F4591B7ac7Dc632932Ba215a56d9B

We did it fam -- this is so exciting! Very grateful and excited to go back in my cave now.

GG @shawmakesmagic 🤝 🙇

Time to hang up my spurs. I won't top this.

😱😱😱 I was right to be scared. 

4 hours to go. @shawmakesmagic you are my Moby Dick.

Hedging. 👇
 

Who will win Farcaster Rewards this week?

🎯

Hedging. 👇
 

Who will win Farcaster Rewards this week?

🎯 https://warpcast.com/~/frames/launch?url=https%3A%2F%2Fwww.onit.fun%2Fm%2F0x4008c6aEEC7F4591B7ac7Dc632932Ba215a56d9B

Good to know that if you want to be #1 on this app you just have to exit to stripe

Or you go farm AI Startup School! 😋🫶

Damn -- this is legit good content @shawmakesmagic

Data privacy on the web. Keeper of the fabric @privy.

Fmr Protocol Labs consensus work. Before that YC S14 🇫🇷🌐🍊

Yeah -- I fucking noticed :b. 

Countrymen, lend me your likes!

Keeper of the fabric @privy 🇫🇷 

Working to change how value flows online.