Holonym has unveiled Wallet as a Protocol (WaaP), a novel wallet architecture that removes the need for seed phrases and vendor lock-in. The protocol employs a two-party computation model, dividing custody between the user and the client to enhance security and user experience. WaaP supports familiar login methods and includes features such as transaction limits, allowlists, and gas sponsorship. Holonym reports that over two million users are transitioning to WaaP-powered services through partners like Ika. The protocol is being deployed across various platforms, including trading platforms and humanitarian projects, marking a significant step in advancing Web3 wallet technology.