New Zealand-based software development firm Sylo has deployed wallet support for public blockchain Tezos in their multi-chain wallet-messenger decentralized app, the Sylo Smart Wallet, which currently boasts over 250,000 users around the world. The Tezos blockchain supporting firm TZ APAC is advising Sylo on their technical integration of Tezos, to improve their developer experience and increase adoption of the Sylo wallet in relation to Tezos in the Asia Pacific region.
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The wide adoption of cryptocurrency wallets by individuals, startups, and SMEs globally has helped spurred market demand for dApp wallets, such as the Sylo Smart Wallet. According to Statista, the number of cryptocurrency wallet users has increased rapidly since 2016, from 8.95 million to 54.27 million in 2020.
Leading public blockchains such as Ethereum and Tezos provide a platform for dApp developers like Sylo to build user-controlled, censorship-resistant applications on a distributed network, beyond the purview of a single authority. In the integration process, the Sylo team has touted the high-quality developer experience of building on Tezos, especially in comparison with Ethereum. The relative ease by which this integration has been accomplished is a key signifier that Tezos is a prime choice for those looking to build powerful dApps.
“We’ve received feedback from Asia-based developers that we are delivering on our mission to make technical deployments on Tezos easier, more cost-efficient, and developer-friendly, which is exactly what we are working towards,” says David Shin, Head of TZ APAC.
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“Interacting with the Tezos blockchain is fast and solid, and we have been really impressed with the overall experience. For our developers, it was a seamless integration when compared to what we had to go through with our other integrations – all documentation is concise and well organised, their libraries are feature-complete, and we didn’t have to deal with things like high fluctuating network fees, unreliable APIs, wallet compatibility issues, and legacy support for older features,” says Josip Matijevic, Senior Developer at Sylo.
Sylo’s decision to integrate Tezos opens the door to a wealth of new opportunities across DeFi, dApps, fiat and more, all underpinned by the power of the Tezos blockchain. “Baking”, which serves to validate “blocks” in the Tezos blockchain and ensure the stability and security of the network, is already in the pipeline, with additional Tezos-specific functionality to be delivered before the end of the year.
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