Circle Introduces Key Updates for Web3 Services in July 2024

Circle
has
announced
significant
updates
to
its
Web3
services
in
July
2024,
aimed
at
enhancing
the
developer
experience
on
its
Programmable
Wallets
platform.
According
to
Circle,
these
updates
include
the
introduction
of
Social
Logins,
Email
OTP
(one-time
password)
authentication,
and
an ‘enum’
update
for
API
endpoints
to
align
with
Metaplex
standards
on
the
Solana
blockchain.

New
Onboarding
and
Authentication
Methods

The
latest
update
introduces
Social
Logins
and
Email
OTP,
streamlining
the
onboarding
process
and
providing
a
more
seamless
transaction
experience
for
users.
These
features
are
designed
to
help
developers
implement
faster
and
more
efficient
user-controlled
wallet
systems.
Circle
offers
a
free
tier
for
the
first
1,000
Monthly
Active
Wallets,
with
reduced
fee
tiers
as
usage
scales.

API
Updates
for
Solana

In
an
effort
to
maintain
compatibility
with
Metaplex
standards,
Circle
has
updated
the
token
standard ‘enum’
for
fungible
tokens
on
the
Solana
blockchain
from ‘FT’
to ‘Fungible’.
This
change
affects
several
API
endpoints,
including:

• GET
  wallets/{id}/balances
• GET
  wallets/{id}/nfts
• GET
  tokens/{id}
• GET
  config/entity/monitoredTokens
• POST
  config/entity/monitoredTokens
• PUT
  config/entity/monitoredTokens

Developers
utilizing
these
endpoints
should
review
the
changes
to
understand
how
their
projects
may
be
impacted.

Circle
Technology
Services,
LLC
(“CTS”)
offers
these
services,
although
it
is
not
a
regulated
financial
services
company.
The
APIs
provided
do
not
include
financial,
investment,
tax,
legal,
regulatory,
accounting,
business,
or
other
advice.
For
more
details,
refer
to
the
Circle
Developer
terms
of
service
available

here.

Image
source:
Shutterstock