Yamgo, a leading provider of brand solutions in the crypto space, has launched a new brand onboarding API. This tool is designed to simplify the Hedera onboarding process, making it easier for brands, developers and Virtual Asset Service Providers (VASPs) to interact with the Hedera network and build new services.
Many businesses are now looking at Web 3.0, exploring new horizons for growth and innovation with a view to developing new products and services. The utilisation of cryptocurrencies, Non-Fungible Tokens (NFTs), smart contracts, and consensus mechanisms offers promising avenues for generating new revenue streams and increasing existing revenue. These objectives, however, are often hindered by complex processes such as account creation, treasury management, staking, and token association. Further, the requirement for direct integration with the Hedera SDK introduces an additional layer of complexity. Given the current scarcity of developers experienced in these areas, organisations may find themselves dissuaded from venturing into the development of Web 3.0 products, thus inhibiting the exploration of potentially lucrative opportunities. The Yamgo onboarding API provides a comprehensive solution to the challenges that new entrants face when onboarding their products to Hedera. The API provides the tools and solutions to tackle the complexities of account creation, treasury management, staking and token association, eliminating the need for direct integration with the Hedera SDK. This means developers can build faster, smarter and more efficiently. The Yamgo API makes it easier for brands to deploy new products with Web 3.0 features on the Hedera network or simply to begin the R&D process without large time and resource investments.
"Developing tools for Hedera account creation can be a complex and time-consuming process. With the Yamgo API, we've transformed this challenge into a streamlined, efficient operation," said Ian Mullins, CEO at Yamgo. "Our API is more than just a tool for decentralised wallet creation; it is a comprehensive revenue solution that enables access to the Yamgo App and daily rewards for digital actions"
"Security is another critical concern for businesses operating in the blockchain space. The increasing number of security breaches and hacking attempts in the crypto world has made it imperative for businesses to ensure the utmost security of their assets. The Yamgo API addresses this concern by enabling brands and institutions to onboard users without exposing their private keys. This ensures that the businesses and their customers maintain complete control and ownership of their assets without the security compromises that can come with a Hot Wallet solution. With the Yamgo API, we've made it possible for brands to own their assets securely and confidently, enabling them to enjoy all of the benefits of Hedera, earn revenue from Native Staking and create new revenue streams from additional products and services."
Adrian Reeve, Director of technology investment firm Blueray Capital, has expressed enthusiasm about the new product: "Yamgo's innovative approach to simplifying Hedera wallet creation and its commitment to security and privacy is yet another example of the innovation that makes Yamgo such a great prospect," he said. "With the launch of their new API, we're confident that Yamgo is poised to redefine the blockchain solutions landscape. It's not just about the potential for revenue generation; it's about the value they're providing to businesses in terms of efficiency, security and control over their assets. We're excited to see what's next for Yamgo.”
A key benefit of the Yamgo API is its ability to bypass many of the security issues associated with hot wallets. The Yamgo API provides a safer alternative to conventional methods by enabling brands and institutions to onboard users without exposing their private keys. This is particularly significant in light of the growing number of security vulnerabilities and hacking attempts in the crypto space.
In addition to its security features, the Yamgo API also allows for the integration of multi-sig wallets and institutional wealth management, without the development overhead of maintaining and updating a Hedera SDK. This means clients can take advantage of these advanced features without the associated time and cost burdens.
The Yamgo Onboarding API is currently available for select developers, VASPs, institutions and brands looking to supercharge their development process, enhance crypto asset protection and unlock new revenue streams.
Yamgo Ltd, a trailblazing technology company based in the UK, is revolutionising the fintech landscape with its consumer-centric rewards and incentivisation platform. With a rich history spanning nearly two decades, Yamgo has been the driving force behind innovative technology solutions for many of the world’s top brands, setting a world record for concurrent transactions on a blockchain and surpassing giants like Bitcoin, Ethereum and PayPal in combined transactions per second (TPS).
Yamgo is driven by a commitment to data privacy and our non-custodial, unhosted cold-wallet solutions. We ensure that our users have complete ownership of their crypto assets without their keys being stored at any point. This commitment to security and privacy sets us apart in the fintech industry.
Yamgo's mission is to create an ecosystem where users are fairly rewarded for their time, data and attention. We have made significant strides towards this goal, with over 187,000 users receiving HBAR rewards from Yamgo, an estimated 95% of whom were new to cryptocurrency. This has resulted in almost 200 million HBAR being secured in Hedera accounts created by Yamgo users, introducing a new generation of users to the world of cryptocurrency.
Our division AdsDax is the advertising division of Yamgo. AdsDax, one of the very first projects to launch on Hedera Hashgraph and to drive network usage, has partnered with over 30 of the world's top 100 brands to deliver unique advertising experiences that engage users, drive sales and create brand recall. At our peak, AdsDax reached 1 in 10 mobile web users across the globe, reaching almost 2 billion unique users per year. At Yamgo, our strength lies not only in our innovative technology but also in our ability to forge strong relationships with brands and media networks. Our history is marked by successful partnerships with prominent media networks, including Sony, 9X Media, and Essel Group. These collaborations have allowed us to reach a wide audience and provide unique experiences that are tailored to their interests and needs.
In the realm of advertising, we have worked with some of the world's top brands, including P&G, Unilever, Coca Cola, Microsoft, EA, Mercedes, Nike and Red Bull. Our partnerships with these brands have resulted in the creation of innovative advertising experiences that engage users, drive sales, and create lasting brand recall. These collaborations have not only allowed us to deliver exceptional results for our partners but have also enabled us to continually push the boundaries of what is possible in the advertising and fintech industries.
Our ability to form these strategic partnerships and create innovative products is a testament to Yamgo's commitment to excellence and innovation. We continue to seek out new opportunities and partnerships that will allow us to further our mission and deliver even greater value to our users and partners
Now, Yamgo is poised to drive adoption of Web 3.0 technologies by providing the platform, tools and token services for brands to successfully onboard into Web 3.0 and engage directly with consumers through unique rewards and incentive schemes.