Shamir's Secret Sharing is often used for private key management, but has low robustness & security. This makes it dangerous for users' assets.
Private keys (and, to some extent, seed phrases) can be daunting to manage for non-tech-savvy users. And, even for knowledgeable ones, the perspective of securely storing keys forever might be overwhelming, even if they embrace the idea of self-custody. This specific need created a market of its own, leading to the development of different tools.
The most popular way to solve this problem is via Wallet-as-a-Service (WaaS) solutions, allowing users to create wallets directly embedded in dApps
Ledger Key Recovery: Understanding the Principles of MPC Wallets, by Numen Cyber Labs, Numen Cyber Labs
Shamir Secret Sharing in Hardware Wallets: How it Works and Why it's Important
An overview of Multi-Signature and Multi-Party Computation
CertiK - What is Multi-Party Computation (MPC)?
How Particle Network simplifies onboarding
Ethan F. on LinkedIn: TABASCO 💙🛠 on X
Bringing BTC on Ethereum - Kerman Kohli
Multisig, Shamir's secret sharing, & MPC compared
What is MPC (Multi-Party Computation) EXPLAINED