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Ithaca
Ithaca is developing Porto, an open-source TypeScript library aimed at simplifying user authentication and payments on the web by removing the need for passwords or seed phrases. It leverages account abstraction to help crypto application developers with onboarding, multi-chain transactions, and stablecoin fees.
Distributed
Description
Ithaca is an organization focused on advancing the crypto frontier. Their main product is Porto, an open-source TypeScript library designed to improve web authentication and payments. Porto allows developers to create or upgrade user accounts using WebAuthn via Passkeys or OAuth via Privy, eliminating the need for passwords, seed phrases, or browser extensions. It connects authentication with execution capabilities, addressing key challenges in crypto application development such as user onboarding, multi-chain transactions, and predictable fee payments in stablecoins. Porto is built on an efficient account abstraction stack, integrates with popular web3 frontend libraries like Wagmi and Viem, and is designed to be modular. It can be used not only in crypto applications but also with traditional passkey setups, key management systems, and existing crypto wallets.Grant Funding
VC Funding
None
2024
$0
$20M