{"id":290279,"date":"2023-01-19T01:00:26","date_gmt":"2023-01-19T01:00:26","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=290279"},"modified":"2023-08-10T17:54:11","modified_gmt":"2023-08-10T16:54:11","slug":"infrastructure-protocol-intu-seeks-to-provide-complete-ownership-to-crypto-accounts","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/infrastructure-protocol-intu-seeks-to-provide-complete-ownership-to-crypto-accounts\/","title":{"rendered":"Infrastructure protocol Intu seeks to provide complete ownership to crypto accounts"},"content":{"rendered":"

Infrastructure platform Intu seeks to allow web3 users to protect their digital assets account like a crypto wallet with minimal cost.\u00a0<\/span><\/p>\n

Intu users will be protected by local cryptography and native decentralization of their chosen blockchain, according to a recent report<\/a>. The co-founder of the Intu platform,\u00a0 James Bourque, told CryptoSlate<\/em>:<\/span><\/p>\n

Accounts created with Intu still have a public address like normal accounts, are non-custodial and decentralized like normal accounts, and work across most EVM-based chains, but boost users' confidence knowing they can independently recover lost accounts, proactively secure them, and never have to rely on a third party company, network, or token.<\/span><\/p><\/blockquote>\n

According to the co-founder, Intu accounts don't have a single private key to lose or expose as it allows ownership to be distributed across multiple devices or wallets, which can be changed, replaced, or revoked in case of a compromise.<\/span><\/p>\n

As part of Intu's web3-native encryption initiative, the platform allows end-to-end encryption without needing additional passwords, keys, or data.\u00a0<\/span><\/p>\n

As reported, web3 projects can integrate Intu into their dApps to provide users with \u2018uncompromised\u2019 asset ownership. The platform<\/span> would reportedly permit anyone to share and recover web3 accounts safely.\u00a0<\/span><\/p>\n

Intu claims that, at present, the only alternative to traditional web3 wallets is either complex MPC solutions or smart contract wallets that are centralized and incompatible with some dApps.<\/span><\/p>\n

Market uncertainty has devastated the crypto ecosystem and led to a decline in VC investments last year. In spite of this, infrastructure firms received<\/a> the largest share of funding among all the other sectors in the crypto space, in December 2022, at about 22%.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Infrastructure platform Intu seeks to allow web3 users to protect their digital assets account like a crypto wallet with minimal cost.\u00a0 Intu users will be protected by local cryptography and native decentralization of their chosen blockchain, according to a recent report. The co-founder of the Intu platform,\u00a0 James Bourque, told CryptoSlate: Accounts created with Intu […]<\/p>\n","protected":false},"author":1393,"featured_media":252572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,77873,60206,77252],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nInfrastructure protocol Intu seeks to provide complete ownership to crypto accounts<\/title>\n<meta name=\"description\" content=\"Intu allows ownership to be distributed across multiple devices or wallets, according to the co-founder.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/infrastructure-protocol-intu-seeks-to-provide-complete-ownership-to-crypto-accounts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infrastructure protocol Intu seeks to provide complete ownership to crypto accounts\" \/>\n<meta property=\"og:description\" content=\"Intu allows ownership to be distributed across multiple devices or wallets, according to the co-founder.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/infrastructure-protocol-intu-seeks-to-provide-complete-ownership-to-crypto-accounts\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-19T01:00:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-10T16:54:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/bank-crypto-account-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Soumen Datta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Soumen Datta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/infrastructure-protocol-intu-seeks-to-provide-complete-ownership-to-crypto-accounts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/infrastructure-protocol-intu-seeks-to-provide-complete-ownership-to-crypto-accounts\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#person\",\"name\":\"Soumen Datta\",\"url\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"caption\":\"Soumen Datta\"},\"jobTitle\":\"Journalist\",\"description\":\"Soumen is a dedicated researcher and writer in the field of cryptocurrencies, DeFi, NFTs, and GameFi projects. 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