Being built on Solana, the platform lets users send and receive crypto with just a link or QR code. The API enables developers to create TipLinks for free, supporting any asset on Solana. Senders need to use their Solana wallet to make a TipLink URL by depositing an asset, and then the receiver can use the link to accept the asset. Receivers do not need a wallet, and can even accept with their Gmail account.
"The viral potential of the idea was immediately obvious, and we became convinced that TipLink had a good shot at being the product that would bring the next billion people to web3," said Sequoia about TipLink.
Since the link acts as a wallet, users do not need to be familiar with crypto to accept the assets providing a mainstream experience for everyone, and making it easier to onboard users.