LABEL Foundation(LBL) New partnership with ONTO Wallet

Partner's Name

ONTO Wallet

Counterparty Website

https://onto.app/

Counterparty Details

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.

With ONTO Wallet, users can create an ONT ID, a decentralized digital identity that enables one-click multi-chain wallet address creation and management and fully protects their private data through an encryption algorithm. Users worldwide can download ONTO Wallet now via onto.app or their mobile app store. Desktop users can also install ONTO Web Wallet for web browsers.

Does this partnership generate any kind of revenue?

NO

Applicable Date(s)

2022-02-16

Partnership Details

ONTO Wallet is a cutting edge cross chain and multi-chain wallet solution. Within ONTO wallet users can securely manage all their crypto assets, perform cross chain swaps, and create a digital identity.

Label Foundation is committed to fully integrating ONTO’s Wallet solution into our platform. For now, both Ethereum (ERC-20) and Binance Smart Chain (BEP-20) LBL tokens have been added into the mobile, desktop and browser version of ONTO Wallet. This will allow LBL holders to conveniently manage their tokens in their wallet and will include our NFTs once we launch our NFT marketplace (scheduled to be released by Q2).

Also, we plan to integrate ONTO Wallet in our Dapp as a way for users to not only manage their digital assets but also their data and digital identity. Both Label users and content creators will be able to tie their digital identity on-chain to directly interact with participants in our platform.