Okto Wallet to Power Seamless Interoperability and Chain Abstraction on AggLayer, Merging Front End UX with Aggregated Network Infrastructure

Bengaluru, November 11th, 2024, 9:30AM ET: Okto, a leader in chain abstraction solutions, today announced that the Okto Wallet will integrate with chains connected to the AggLayer, a cross-chain settlement solution co-developed by Polygon Labs and its collaborators. The announcement was made at the inaugural Aggregation Summit, a groundbreaking event that brought together Web3 leaders to explore the space’s most significant technological trends, including the rise of aggregation, cross-chain Layer 2 transactions, zero-knowledge technology, and more.

By integrating with the AggLayer, the Okto Wallet is set to redefine ease of use and connectivity, providing an unparalleled gateway to the entire ecosystem. Additionally, the Okto SDK, which is already live and adopted by 6M+ users, will enable developers to build chain-abstracted applications. As the AggLayer matures, Okto Wallet will evolve alongside it, seamlessly supporting all AggLayer-compatible chains. This means users will have a single, unified experience that’s both streamlined and efficient, no matter which chain they’re on.

“Okto is tackling chain abstraction to make Web3 accessible, allowing users to engage seamlessly without the technical complexities,” said Neeraj Khandelwal, Co-founder, CoinDCX and Okto. “Okto Wallet is paving the way for a unified user experience, aligning with the AggLayer’s mission of secure, cross-chain interactions. Together, Okto and all AggLayer contributors are driving a frictionless blockchain experience, aiming to redefine Web3 for the billion users expected by 2026. This initiative puts us at the forefront of a truly interoperable and inclusive Web3 ecosystem.”

“Okto Wallet is exactly the kind of innovative solution that reflects the vision of the AggLayer: A seamless wallet experience that puts power back in the hands of users,” said Marc Boiron, CEO of Polygon Labs, co-developer of the AggLayer. “Chain abstraction is one of the keys to unlocking the potential of the AggLayer. We’re excited to see Okto Wallet integrate with the AggLayer and bring next-gen Web3 UX to all users.”

In addition to the wallet integration into the AggLayer, Okto has announced a Chain Abstraction Stack, featuring Okto App Chain, a robust, modular solution built using the Polygon Chain Development Kit (CDK). Designed to simplify and unify blockchain infrastructure, the Okto App Chain (powering the Okto SDK) enables seamless integration across a wide range of protocols, effectively abstracting away the complexities of blockchain technology. By leveraging Polygon CDK, this chain provides a highly customizable and scalable foundation that allows developers to easily build and deploy decentralized applications without the need for deep blockchain expertise. The result is a powerful, user-friendly solution that drives interoperability, making it easier than ever to connect multiple chains and create a cohesive user experience across the entire ecosystem.

To commemorate this milestone an exclusive, limited-time OG AggLayer NFT mint is now available on the Okto Wallet. Mint Now

About Okto:
Okto is a secure multi-chain DeFi app that offers a keyless, self-custody wallet. It aims to simplify the world of decentralized finance (DeFi) by providing a secure, user-friendly, and innovative solution for managing digital assets. Okto utilizes Multi-Party Computation (MPC) technology to ensure security for users' assets. But what really sets Okto apart is patent-pending AI-based Multi-Factor Authentication, a breakthrough technology that promises to revolutionize the security of self-custodial DeFi wallets.

With support for multiple chains and access to over 100 protocols, Okto offers a seamless experience for users to participate in various DeFi activities. This innovative super app offers an array of exclusive features, including the Quest Centre for curated quests and exclusive airdrops, a New Tokens Hub for fast access to the latest tokens and crypto, opportunities to earn passive income, and the ability to collect NFTs representing meaningful moments and experiences.

Okto is leveling up chain abstraction by building a fully expressive orchestration layer. Okto offers developers a unified platform to build next-generation applications on web3 rails by providing simple SDKs on one hand, and access to Protocol / community created Blocs on the other hand (think easy-to-use scripts). Okto's SDK empowers partners to integrate Web3 functionalities natively, setting a precedent for seamless Web3 adoption across platforms. Okto's Embedded Web3 Wallet empowers customer-facing companies to enhance their bottom line by reducing infrastructure costs and accelerating time-to-market.