Onmeta Monthly Update: May '23

Onmeta Monthly Newsletter, your go-to source for the latest news and updates on our Fiat On and Off Ramp solution. Here, we will be sharing updates on our new product releases and exciting partner integrations we did in the month of May. 

Onmeta is a revolutionary platform that enables users to easily and securely buy and sell cryptocurrency using fiat currency. We are constantly innovating and improving our platform to make the cryptocurrency buying process as simple and user-friendly as possible.

Product Updates

KYC Process as separate Module for API integration:

To further enhance user verification and security, we have made significant improvements to our Know Your Customer (KYC) process. Previously, our KYC functionality was available only for Widget integration as an in-built flow. However, we have now developed a separate module exclusively dedicated to KYC processes, making it accessible even for clients who opt for API integration.

With this new module, clients can seamlessly integrate our robust KYC solution with their existing systems through external APIs. This integration streamlines the verification process, allowing for efficient and reliable user onboarding. By separating the KYC process into its own module, we prioritize data protection and ensure compliance with regulatory requirements.

This update enables businesses, regardless of their integration method, to easily incorporate our KYC verification solution into their workflows. Whether clients choose to use our widget or integrate via APIs, they can benefit from a unified and standardized KYC process. By automating and simplifying the verification steps, this enhancement reduces manual effort and significantly improves the overall user experience.

Our separate KYC module represents our commitment to providing flexible and comprehensive solutions that cater to the unique needs of our clients. We aim to empower businesses with a reliable and secure KYC process, regardless of their preferred integration method.

Polygon ZkEvm blockchain:

We are excited to announce that our platform now supports the ZkEvm blockchain. ZkEvm combines the privacy benefits of zero-knowledge proofs with the Ethereum Virtual Machine (EVM), providing enhanced privacy and scalability for decentralized applications (dApps) and smart contracts. By adding support for ZkEvm, we empower developers to build privacy-focused applications on our platform, leveraging the advanced features and benefits of this innovative blockchain.

Tron blockchain:

As part of our commitment to providing comprehensive blockchain support, we have integrated the Tron blockchain into our platform. Tron is a high-performance blockchain designed for decentralized applications and token issuance. By supporting Tron, we enable developers to leverage its capabilities and build dApps, decentralized exchanges, and other blockchain-based solutions. Our users can now benefit from the Tron ecosystem and explore new opportunities within this vibrant blockchain network.

Hedera blockchain:

We are pleased to announce that our platform now supports the Hedera blockchain. Hedera Hashgraph is a public distributed ledger that offers high-performance and secure consensus through its unique consensus algorithm. By adding Hedera support, we enable developers to leverage its features and build decentralized applications and services with improved scalability and security. Users can now integrate Hedera blockchain functionality into their projects, benefiting from its robust infrastructure and growing ecosystem.

Launched NFT One-Click Purchase Experience:

In line with the increasing demand for non-fungible tokens (NFTs), we are thrilled to introduce our newly developed NFT one-click purchase experience. Previously, our NFT marketplace relied on a default widget as the primary solution. However, we have now revamped and improved the interface to provide users with a seamless buying process that rivals the convenience of purchasing a pair of socks on platforms like Amazon.

With our enhanced NFT checkout flow, users can effortlessly acquire their desired digital assets in just a single click. Gone are the complex and time-consuming steps typically associated with NFT purchases. Instead, our simplified process allows users to swiftly browse through a curated selection, choose their desired NFTs, and effortlessly complete the transaction in a secure manner.

This streamlined approach aims to provide an unparalleled user experience for both avid collectors and casual enthusiasts. By removing unnecessary friction and simplifying the purchase journey, we enable users to explore the realm of digital art, collectibles, and blockchain-based assets with ease. Whether it's acquiring a unique artwork or obtaining a rare collectible, our intuitive and user-friendly platform makes the entire process intuitive and enjoyable.

In summary, our NFT one-click purchase experience revolutionizes the way users interact with NFT marketplaces. By eliminating complexities and replicating the simplicity of popular e-commerce platforms, we empower users to seamlessly explore, select, and purchase NFTs. We are excited to offer this intuitive and user-friendly gateway into the captivating world of NFTs, fostering greater accessibility and enjoyment for all users.

Partner Integrations

Blade Labs Expands Hedera’s Reach in India

Blade Labs, the company responsible for building Blade Wallet - leading wallet on Hedera Blockchain, believes that one of the critical factors that could drive further adoption of Hedera in India is by reducing the friction and barriers when purchasing and using digital assets. This integration with OnMeta provides the first viable method for users to buy Hedera-based tokens in India, especially HBAR.

With Blade Labs’ wallet infrastructure support, the Onmeta platform has become the first to enable UPI-based purchasing of Hedera-based tokens for Indian users. Blade users can purchase HBAR and Ethereum using UPI directly from the wallet or its white-label solutions, such as Blade SDKs.  HTS-based tokens and NFT purchasing will also be available soon. 

Krishna Teja Nemani, founder & CTO at Onmeta, said, “We’re thrilled about our integration with Blade Labs’ products, providing a secure experience for users in India to buy and sell digital assets. We’re committed to bringing the best web3 products to Indian users, and by supporting Hedera, the most sustainable public network, we’re also leading the way towards a sustainable crypto market.”

IXFI’s Partnership with ONMETA

IXFI, a one-of-its-kind crypto platform to not just buy/sell cryptocurrencies but also earn crypto, NFTs and other digital assets in a gamified & fun way, announced its new partnership with ONMETA. This collaboration marks an important step forward in expanding IXFI’s network and capability to offer advanced services to its users. The shared vision of both companies to simplify the crypto landscape is expected to bring about novel solutions and opportunities for crypto enthusiasts.

Ixfi is a financial technology platform that aims to bridge the gap between traditional banking and the world of cryptocurrencies. It offers a comprehensive suite of services and tools designed to empower individuals and businesses in managing their digital assets and engaging in secure and efficient financial transactions.

Community Engagement

Onmeta Celebrates First Anniversary with a Unique and Memorable Event

We are excited to announce that Onmeta celebrated its first anniversary in a truly exceptional manner. In a fun-filled celebration, we invited our esteemed partners, investors and our friends from the Indian web3 ecosystem to join us at the remarkable Zo House, creating an unforgettable experience to commemorate this significant milestone.

The event began with a quick session where we shared updates and milestones achieved during our first year. It was an opportunity for us to express our gratitude to our partners for their unwavering support and collaboration throughout this incredible journey. Together, we have made significant strides in shaping the future of blockchain adoption and revolutionizing the way individuals and businesses interact with digital assets. Following the informative session, we embarked on a fun and interactive quizzing session. This engaging activity not only tested the participants' knowledge but also sparked lively conversations and fostered a sense of camaraderie among attendees. It was a testament to the vibrant and collaborative nature of our web3 ecosystem.

As a token of appreciation and to further enhance the celebratory spirit, we collaborated with Dapps.co, a fun & interactive platform to explore new amazing dApps, to provide each attendee with 20 MATIC tokens. This collaboration symbolizes our commitment to supporting the growth and adoption of decentralized applications, offering a tangible reward to our partners for their continued support and contributions.

What sets this celebration apart is its unique approach within the industry. By inviting our partners and web3 ecosystem enablers to join us in celebrating our first anniversary, we fostered a sense of community and partnership that is unparalleled. It exemplifies our belief in the power of collaboration and the importance of recognizing the collective achievements of our ecosystem.

Onmeta Team Offsite

As we celebrated our first anniversary, we embarked on a memorable offsite trip that encapsulated the spirit of our journey so far. It was a time of reflection, growth, and gratitude as we gathered together to commemorate this significant milestone. Our team took on the challenge of trekking in the lush hills of Coorg. It was tough, but we persevered together and the sense of accomplishment we felt when we reached the summit was almost as rewarding as when our partners compliment us, if not more. This experience taught us the importance of teamwork and the power of pushing ourselves beyond our limits.

We also seized the opportunity to sit together and successfully complete a highly anticipated launch of Hedera Blockchain. But it wasn't all work and no play - we also had a lot of fun bonding as a team, sharing stories around the campfire and enjoying the breathtaking views. It's important to remember that a strong team is not just about working hard, but also about playing hard and building those personal connections that make us more than just colleagues.

Conclusion

In closing, the month of May has been filled with exciting milestones and memorable experiences for Onmeta. From expanding our blockchain integrations to revolutionizing the NFT purchasing process, we continue to innovate and empower users in the world of cryptocurrencies. As we celebrated our first anniversary, we reflected on our journey and the collaborative spirit that drives our success. Our offsite trip to Coorg served as a testament to the strength of our team and the importance of both hard work and play. We are grateful for the support of our partners and the vibrant web3 ecosystem that continues to shape the future of decentralized finance. Here's to a future filled with further advancements, meaningful partnerships, and continued growth. Stay tuned for more exciting updates from Onmeta! #OnmetaUpdates #CryptoInnovation #NFTRevolution #FirstAnniversary