Privy’s role and technology in the web3 ecosystem

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Privy’s embedded wallet technology enables users to interact with crypto apps without needing third-party wallets like MetaMask.
Privy’s major backers include Sequoia Capital, Paradigm, BlueYard, and Coinbase.
Blockchain companies using Privy include Hyperliquid, Farcaster, OpenSea, and Blackbird.
Privy announced on X that it would remain an independent product under Stripe and improve its service delivery.
Privy has scaled rapidly since its 2021 launch, powering over 75 million accounts and supporting over 1,000 teams in enabling billions in crypto transactions.

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