Poly Network
Published in

Poly Network

Poly Network AMA Recap with ONTO Wallet

A DID-based gateway for a seamless Web3 experience, ONTO Wallet(@ONTOWallet), was invited to Poly Network (@PolyNetwork2) AMA, taken place on June 22 in the Poly Network Telegram Community. From the Live AMA with Cyrus, BD Associate at ONTO Wallet, this recap fully grasps the information discussed during the AMA.

INTRODUCTION

Poly Network is a global cross-chain protocol for implementing blockchain interoperability and building Web3.0 infrastructure. Poly Network has integrated almost 30 blockchains, including Ethereum, Polygon, Avalanche, Fantom, BNB Chain, Arbitrum, Optimism, HECO, OKC, Neo, Ontology, Zilliqa, Harmony, Metis, etc. Since its launch, the protocol has enabled cross-chain asset transfers of more than USD 16 billion.

ONTO is a DID-based gateway for a seamless Web3 experience. The best all-in-one option for securely managing your identities, data, and digital assets, ONTO allows you to manage your crypto assets (including NFTs), perform cross-chain swaps, readily access a variety of dApps, and learn everything important in real time via ONTO news feed.

QUESTIONS AND ANSWERS IN LIVE AMA

Q1 What are ONTO’s unique selling points? Could you talk a little bit about ONTO’s architecture and innovation?

A: ONTO is a decentralized multi-chain wallet. Unlike single-chain wallets, which require users to switch networks when managing assets on different chains, ONTO allows you to easily manage your assets on 25 blockchains with a single ONT ID.

Thanks to its unique ONT ID digital identity and data, with a single ONT ID, you can take control of your on-chain assets, and manage your own identity data, better protecting your data privacy. Going forward, ONT ID could even become an important yardstick of your on-chain reputation and rights.

ONTO’s unique address scan feature can automatically detect and add the digital assets and NFTs in users’ addresses in real time. Thanks to this feature, users don’t need to add assets manually and don’t have to worry about forgetting their assets.

ONTO’s industry-leading Swap and Bridge features allow users to swap assets directly within the wallet, with native integration of OpenOcean and Poly Network.

ONTO provides the most comprehensive and smooth dApp experience, and you can even switch addresses of other chains within the dApp without repeatedly switching tabs, which is very convenient.

ONTO’s NFT tab allows you to display your NFTs directly on the Collectibles page, send or receive NFTs, and even trade NFTs without going to an NFT marketplace. We will optimize the Purchase NFT function over the next quarter.

Q2 Is ONTO Wallet secure?

A: As a decentralized wallet, ONTO does not store any data, the data is controlled by the users themselves, which means the wallet is immune to external attacks and is very secure.

ONTO has now submitted the source code of the wallet to Feiyu Tech for audit, and the audit report will be available at the end of June, which will then be released to the public.

Q3 ONTO’s slogan is “A DID-based gateway for a seamless Web3 experience”, could you explain?

A: With ONTO, you can access all the projects in the Web3 world, including digital assets, decentralized applications (dApp), NFTs, decentralized domain names, you name it. ONTO integrates these Web3 infrastructures into one, allowing users to get the full picture of Web3 firsthand via a wallet.

ONTO will become the leader in the digital identity and data in Web3 through ONT ID/OScore and various types of authentication services, and will become an indispensable infrastructure in the future Ontology trust system.

Q4 Why did ONTO choose Poly Network among others for partnership?

A: As we all know that Poly Network is a global cross-chain protocol for implementing blockchain interoperability and building Web3 infrastructure. It has also integrated over 20 blockchains, including Ethereum, Polygon, Avalanche, Fantom, BNB Chain, Arbitrum, Optimism, HECO, OKC, Neo, Ontology, Zilliqa, Elrond, Gnosis Chain, etc. Since ONTO also focuses on providing seamless experience for users especially on managing their cross-chain crypto assets. It’s actually a must for us to integrate with Poly Network.

Q5 Any exciting plan for future developments?What shall users expect?

A: ONTO targets to be the Web3 gateway for everyone. On the crypto assets side, we will integrate with more public chains, so the users can manage their various tokens & NFTs with one wallet. The native bridge functions will expand to more and more chains powered by Poly Network as well. Other than that, since ONTO also has many decentralized identity related functions. We will also work on optimizing relevant functions as well.

The AMA with ONTO Wallet was successfully concluded. We will have more AMAs coming in the following weeks. Please stay tuned!

For more info about Poly Network

Website | Telegram | Medium | Twitter | Discord | Github

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store