Kabila, a leading NFT and Web3 wallet platform on Hedera, has officially joined the DeRec Alliance to enhance security and accessibility for NFT creators. By integrating the DeRec Protocol into Kabila Wallet, users will gain a decentralized recovery solution that simplifies key management and protects digital assets from permanent loss. This partnership strengthens Kabila’s mission to empower creators while contributing to the DeRec Alliance’s goal of making Web3 security as seamless as Web2 experiences.
BREAKING: Kabila Joins Forces with Crypto Giants in Decentralized Recovery Alliance!@KabilaApp has officially joined @DeRecAlliance, alongside Hedera, Algorand, Ripple, Constellation, and more to revolutionize digital asset recovery for the masses.https://t.co/pVn9CWYVo9
— Generation Infinity (@GenfinityIO) January 30, 2025
The Growing Need for Secure and Accessible Web3 Solutions
Web3 has revolutionized digital ownership by removing centralized intermediaries. However, with full control comes full responsibility. If users lose access to their private keys, they risk losing their digital assets permanently. Unlike traditional banking, no central authority can reset a password or restore an account.
Millions in crypto assets have been lost due to misplaced keys and passwords. The complexity of private key management has become a major barrier to Web3 adoption. To solve this, the DeRec Alliance is building an industry-wide standard for decentralized recovery solutions. These solutions aim to make managing blockchain credentials as easy as recovering a traditional online account.
Far too many Web3 users have needlessly lost access to their blockchain accounts and other important secrets. As more members like Kabila join the Alliance in support of the DeRec protocol, it’s a clear sign of how forward-thinking Web3 solution providers are prioritizing end-user and community safety.
Dr. Leemon Baird – Hedera Co-Founder
The DeRec Alliance: A Game-Changer for Web3 Security
What is the DeRec Alliance?
The Decentralized Recovery (DeRec) Alliance is a collaborative initiative that aims to solve one of the most critical challenges in Web3: private key recovery. Blockchain technology empowers users by giving them full control over their assets. However, losing access to wallet keys, passwords, or cryptographic credentials can result in permanent loss of digital assets. Unlike traditional financial systems, blockchain has no centralized authority to restore access.
The DeRec Alliance was established to create a universal, open-source standard for secure and decentralized asset recovery. It brings together leading blockchain organizations to develop and implement a standardized protocol that allows users to recover lost credentials without sacrificing security or decentralization.
Global Open Crypto Standards: DeRec Alliance
A new dawn approaches for blockchain mass adoption, as #HBAR, #XRP, #DAG, #ALGO, #CSPR, and #ADA networks unite for decentralized asset recovery!
Enjoy our deep dive and tune into today’s space (below) https://t.co/ERvuiUDCiK
— Generation Infinity (@GenfinityIO) December 17, 2024
Why Was The DeRec Alliance Created?
The lack of a universal recovery standard has resulted in billions of dollars in lost crypto assets. Users often store private keys and seed phrases in unsafe locations, such as notes on their devices or printed copies. If these are lost or stolen, the assets associated with them are often unrecoverable.
To address this, Hedera Co-Founder Dr. Leemon Baird, alongside leaders from Algorand, Cardano, Ripple, and Hedera, formed the DeRec Alliance. Their goal was to design a privacy-focused, decentralized recovery protocol that could be implemented across different blockchain ecosystems, wallets, and applications.
How the DeRec Protocol Works
The DeRec Protocol introduces an innovative approach to decentralized key recovery. It operates on the principle of secret sharing, where a user’s recovery information is securely distributed among a trusted group of helpers.
- Secret Sharing Mechanism – The protocol splits a user’s recovery data into multiple encrypted shares. Each share is distributed to trusted helpers such as friends, businesses, or institutions. None of these helpers hold the full key, preventing any single party from accessing the user’s assets.
- Privacy and Security – The protocol ensures that helpers do not know how many others exist or their identities. The user remains in control and can recover their assets by collecting a threshold number of shares.
- Automated Recovery and Health Checks – The system regularly verifies that helpers still possess their assigned shares. If a helper leaves or a user adds a new one, the system automatically redistributes the shares to maintain seamless security.
- Cross-Platform Interoperability – The DeRec standard is designed to be blockchain-agnostic. It works with any digital asset, blockchain ledger, or Web3 account. This makes it a universal solution that wallets, exchanges, and DeFi platforms can adopt.
Why DeRec is a Game-Changer for Web3 Security
- Eliminates Key Loss Risks – Users can recover their assets securely without relying on centralized entities.
- Enhances User Privacy – Helpers store encrypted shares, ensuring no single entity gains full control.
- Encourages Mass Adoption – Simplifies the Web3 experience, making it easier for non-technical users to participate.
- Future-Proofs Digital Security – Expands beyond crypto keys to passwords, identity verification, and digital assets.
By creating a widely accepted recovery standard, the DeRec Alliance is paving the way for secure and scalable Web3 adoption. More organizations are joining to integrate DeRec solutions into their products, making blockchain security safer, simpler, and more accessible.
At Kabila, our mission is to empower creators by giving them full control and ownership of their communities. Securely managing NFT and token keys is a fundamental part of that vision,”
Manu Cabrera – Kabila CEO
Kabila: Empowering NFT Creators and Communities on Hedera
What is Kabila?
Kabila is an all-in-one Web3 platform built on the Hedera network. It provides creators with powerful tools to mint, manage, and sell NFTs while maintaining full ownership of their digital assets. The platform simplifies NFT creation and community engagement, making it easier for brands and artists to connect with their audience.
The @KabilaApp – empowering NFT creators on Hedera.
The All-in-One NFT Hub For Creators & Communities.
Built on $HBAR, an article diving in to Kabila pic.twitter.com/hIgJJKMu5R
— The Great Moonshot (@GreatMoonshot) January 27, 2025
Key Features of Kabila
Kabila offers a wide range of services tailored for NFT creators and Web3 users:
- Kabila Wallet – A non-custodial wallet that allows users to securely store and manage NFTs and Hedera-based tokens.
- NFT Marketplace – A peer-to-peer trading platform where users can buy, sell, and launch NFT collections.
- NFT Toolkit – No-code tools that let creators design and deploy NFT projects without technical expertise.
- Plazas – Token-gated social spaces for NFT-based communities.
- Kabila Academy – A learning hub offering Web3 and NFT education.
Kabila has already made a significant impact on the Hedera ecosystem. It has supported 400+ creators and brands, minted over 175,000 NFTs, and generated over $1 million in sales.
More recently, Kabila has also developed the Hedera Developer Playground, an interactive environment designed to help users explore and experiment with NFT creation, smart contracts, and tokenized communities on the Hedera network. This no-code tool allows creators to mint NFTs, test transactions, and interact with decentralized applications (DApps) in a risk-free setting. By simplifying blockchain interactions, the Hedera Playground lowers barriers to entry for newcomers and developers looking to build on Hedera. This initiative aligns with Kabila’s mission to make Web3 more accessible while fostering innovation within the Hedera ecosystem.
1/3 Introducing Hedera Developer Playground – an open-source browser-based app for developers to learn and experiment on the Hedera testnet without the need for any local setup, developed in collaboration with @KabilaApp.
Whether you’re just starting out or you’re an… pic.twitter.com/4w7XPbcZQv
— Hedera (@hedera) January 23, 2025
The Future of Web3 Security and Kabila’s Role in the DeRec Alliance
The DeRec Alliance is creating an open-source standard to solve one of Web3’s biggest challenges: private key and digital asset recovery. By integrating the DeRec Protocol, platforms can provide users with secure and decentralized recovery solutions without relying on centralized entities. This initiative is backed by some of the most influential blockchain projects, ensuring broad adoption across various ecosystems, wallets, and decentralized applications (DApps).
By joining the DeRec Alliance, we’re not only integrating the DeRec Protocol into Kabila Wallet for secure account key management but also ensuring that creators have a safer and more seamless way to manage their token keys. These keys are critical for maintaining access and ownership of their most valuable asset: their direct connection with their communities.
Manu Cabrera – Kabila CEO
Founding Members Leading the Innovation
The DeRec Alliance was founded by Algorand Foundation, Cardano Developer Input Output (IOHK), Hashgraph (Hedera), Ripple, and XRPL Labs. These organizations have played a major role in shaping the blockchain landscape, and their involvement ensures that DeRec remains a universal, interoperable, and scalable solution. Each founding member brings a unique strength:
- Algorand Foundation – Pioneering scalable, energy-efficient blockchain solutions with a focus on real-world adoption.
- Cardano (IOHK) – A research-driven blockchain project emphasizing secure and sustainable decentralized applications.
- Hedera (Hashgraph) – A high-speed, enterprise-grade DLT network known for its fast and cost-efficient transactions.
- Ripple – A global leader in blockchain-based financial solutions that enhance cross-border payments and liquidity.
- XRPL Labs – Developers advancing XRP Ledger’s ecosystem, creating tools and infrastructure for scalable blockchain applications.
We are delighted to have Kabila join the DeRec Alliance and look forward to their contributions as we pursue the widespread adoption of our open-source, industry-standard protocol for decentralised recovery,
John Woods – CTO of the Algorand Foundation
These founding members are not just supporting DeRec—they are actively integrating it into their ecosystems. Their involvement will ensure that the protocol is adopted across multiple blockchain networks, making digital asset recovery a standard feature in Web3 security.
Alliance Members Expanding DeRec’s Reach
Beyond its founding members, the DeRec Alliance is growing through a diverse network of Alliance Members. These organizations help implement and expand the protocol, ensuring its usability across different sectors. Notable alliance members include:
- Constellation Network – A layer-0 blockchain protocol designed for scalable and secure data transfer.
- DLT Science Foundation – A research group focused on advancing distributed ledger technology and real-world blockchain applications.
- HashPack – A leading non-custodial wallet for Hedera, enabling users to store, send, and stake Hedera-based assets.
- Oasis Protocol Foundation – A privacy-first blockchain project focusing on secure and scalable smart contracts.
- Palisade – A regulated crypto custody provider specializing in key management and digital asset security.
Each alliance member plays a crucial role in expanding DeRec’s adoption. Wallet providers like HashPack are integrating DeRec-powered key recovery, while Constellation and Oasis are exploring how decentralized recovery can enhance security within their ecosystems. With more members joining, the DeRec Alliance is positioned to become the gold standard for key recovery across Web3 applications, wallets, and NFT platforms.
Why Kabila’s Role in DeRec is a Game-Changer
Kabila’s integration with the DeRec Protocol marks a significant expansion of DeRec’s use cases. While many early implementations have focused on financial assets and wallets, Kabila is bringing decentralized recovery to NFTs and tokenized communities. By embedding DeRec into Kabila Wallet, creators and collectors gain a secure and intuitive way to manage their NFT keys.
For NFT creators, losing access to a wallet key can mean losing ownership of their digital art, collectibles, and community access tokens. DeRec eliminates this risk by enabling private, decentralized key recovery. This aligns with Kabila’s mission to empower creators by giving them full control over their assets.
Beyond NFTs, Kabila’s integration with DeRec strengthens Hedera’s security ecosystem. With HashPack also in the alliance, Hedera users now have multiple platforms supporting decentralized recovery, ensuring the entire network benefits from this innovation.
The Road Ahead: A Safer and More Accessible Web3
As more projects integrate DeRec solutions, Web3 security will become more intuitive and user-friendly. The days of permanent asset loss due to forgotten keys will fade as decentralized recovery standards become the norm.
Looking forward, DeRec’s reach will likely expand into DeFi, enterprise blockchain solutions, and identity verification. Platforms in the gaming, metaverse, and supply chain sectors may also adopt the protocol to secure digital assets beyond just cryptocurrencies and NFTs.
Kabila’s involvement in the DeRec Alliance is not just a milestone for NFT security—it is a step toward mainstream Web3 adoption. By lowering security barriers, the alliance is making Web3 safer, smarter, and more accessible for all users.
*Disclaimer: News content provided by Genfinity is intended solely for informational purposes. While we strive to deliver accurate and up-to-date information, we do not offer financial or legal advice of any kind. Readers are encouraged to conduct their own research and consult with qualified professionals before making any financial or legal decisions. Genfinity disclaims any responsibility for actions taken based on the information presented in our articles. Our commitment is to share knowledge, foster discussion, and contribute to a better understanding of the topics covered in our articles. We advise our readers to exercise caution and diligence when seeking information or making decisions based on the content we provide.
