The Good Tech Companies - WaaP Launches on Sui: How human.tech Is Transforming Access for 3 Million Crypto Users

Episode Date: February 12, 2026

This story was originally published on HackerNoon at: https://hackernoon.com/waap-launches-on-sui-how-humantech-is-transforming-access-for-3-million-crypto-users. WaaP launches on Sui as the first decentralized embedded wallet layer, offering seedless login with no custody risk via Ika's MPC network. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #blockchain, #cryptocurrency, #human.tech, #waap, #good-company, #crypto-wallet, #human.tech-news, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. WaaP is a new protocol built on top of the Sui network. Sui is one of the top Layer 1 blockchains by activity. In October 2025, Sui hit a record $2.6 billion in TVL.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. WA.P. Launches on sway. How Human. Tech is transforming access for 3 million crypto users, by Ashan Pondi. The problem Waupi is trying to solve is not new. Getting regular people to use crypto applications has been painful for over a decade. Seed phrases, browser extensions, gas fees, and the constant fear of losing access have kept hundreds of millions of potential users on the sidelines. The embedded wallet market has grown rapidly in response. According to Intel market research, the global MPC wallet market reached $70, $8 million in 2025 and is projected to hit $137 million B. 20131.

The broader crypto wallet market surged 32% to $19 billion in 2025. But most embedded wallet solutions come with a catch. WAAP is betting that catches big enough to build an entirely new protocol around fixing it. The hidden cost of convenience. Embedded wallets, the kind that let you sign up for a crypto app with your email or face ID, have become standard. Providers like Privy, Web3Oth, and Coinbase wares offer developers SDKs to embed wallets into applications. The onboarding experience is smooth. The problem is underneath. Most of these services operate as centralized infrastructure. A company runs the backhand. holds partial control over key material and can change pricing, terms, or shut down entirely. For developers, this creates vendor lock-in. For users, it introduces a trust assumption that

contradicts the entire point of crypto. You are supposed to own your own assets. If the service behind your self-custodial wallet can theoretically reconstruct your keys or deny access, you do not truly own anything. WAPE takes a different approach. Instead of running on a company's servers, IT operates on ICA, a decentralized MPC, multi-party computation, coordination layer built natively on Sway. Ica raised over $21 million in funding including a strategic investment from the Sway Foundation, and can process up to 10,000 signatures per second with sub-second latency. How WAAP actually works. For non-technical readers, here is the simplest way to understand WAAP. When you create a wallet, your signing key is split into two pieces.

using 2 PCMPC, two-party computation with multi-party computation. One piece lives on your device. The other is distributed across Eka's decentralized network of nodes. Neither piece alone can move your funds. Both must cooperate to sign a transaction. This is fundamentally different from a system where a company holds a copy of your key on its servers. With WAAP, policy controls like spend limits or contract alilists are enforced by smart contracts on sway during signing, not be back-end logic a company controls. The result is a wallet that feels like signing into any normal app but carries security properties closer to a hardware wallet. Shady L. Damati, Hollanim Foundation CEO, explains, greater than, Sway developers can now offer seamless, seedless self-custody without

taking greater than on the risks of traditional wallet services. With ICA's decentralized security greater than layer native to Sway, there's no trade-off between user experience and true greater than ownership. This is what embedded wallets should have been from the start. Why Sway and why now? The choice of Sway is strategic. Sway has grown into one of the top layer one blockchains by activity. In October 2025, Sway hit a record $2.6 billion in TVL, a 160% increase from the prior year. Cumulative Dex volume surpassed $156 billion. Sway's object-centric data model and parallel transaction execution make it well suited for the real-time cryptographic operations WAPE and Ica require. Evan Cheng, co-founder and CEO of Meiston Labs, the original contributor

to Sway, explains, greater than, using an embedded wallet shouldn't require giving up ownership. With WAP greater than built on Ica and native to Sway, developers and users both get a brand new way greater than to access Sway. This is a win for the ecosystem. Human, Tech, the Privacy First infrastructure suite built by the Hollinem Foundation that powers WAAP already serves nearly 3 million verified users, with over 43 million credentials issued and more than $500 million in protected value. Bringing this to Sway connects a proven user base with one of the fastest growing blockchain ecosystems in production. Final thoughts, WAP's launch on Sway represents a meaningful step in closing the gap between crypto's user experience ambitions and its security guarantees.

The embedded wallet space is crowded, but most solutions still require developers to trust a company with some degree of control over user keys. WAP's protocol level approach, where signing authority is split cryptographically and policies enforced by smart contracts as architecturally distinct. Whether WAPE captures meaningful market share depends on developer adoption undico's performance under real-world load. But the direction is right, as iA agents increasingly operate on-chain and automated workflows become standard, wallets that can delegate execution within defined boundaries while humans retain authority will become essential. WA.P. is building for that future on A-chain with the throughput to support it.

Don't forget to like and share the story. This author is an independent contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality, but the claims here and belong to the author. Hashtag D.Y. Thank you for listening to this Hackernoon story, read by artificial intelligence. Visit hackernoon.com to read, write, learn and publish.