So here’s an update from us shedding some light on the same. We received the grant from the Aptos Foundation for our Paymaster offering earlier this March. While many of you might have heard of the term Paymaster, not many would know what exactly it is used for. But anyone familiar with the cryptocurrency and blockchain market by now is well aware of the feature, “Sponsored Transaction.”
Sponsored Transaction is a feature that enables dApps to sponsor the gas fees for transactions performed by users on their platform. Paymaster is the blockchain infrastructure that a dApp needs to facilitate the sponsored transaction. In simpler terms, Paymaster is an account where dApps or an external third party store their tokens with which they will pay the gas fees for transactions performed by the user.
How will the Grant be put to use?
The grant from Aptos will be used to develop further and maintain our Paymaster offering.
What’s special about Kana Labs Paymaster?
As a premier paymaster offering in the Aptos ecosystem, we offer a wide range of capabilities and a complementary dashboard UI which helps dApps easily integrate and control their Paymaster account.
Aside from the obvious, here are some of its popular features –
- Multi-Agent Transactions: Support for Multi-Agent Transactions
- User Whitelisting: This feature allows dApps to select individual wallets to sponsor transactions.
- Function Whitelisting: This feature allows dApps to select just one particular function for which they sponsor the gas fees. In a scenario where multiple functions/transactions may be involved, the dApps can choose which particular function/transaction type they wish to sponsor the gas fee for.
- Dashboard: A dashboard UI using which dApps can easily navigate and control various features available in our Paymaster offering.
As a premier paymaster offering in the Aptos ecosystem, we offer a wide range of capabilities and a complementary dashboard UI which helps dApps easily integrate and control their Paymaster account.
