What you do is you take this key that unlocks the kingdom.
And then you keep it safe.
Unlike before there isn't 20 keys that unlock parts of the kingdom that might lead to unlocking other kingdoms via roundabout ways. Your attention for security can be focused on a single key.
The average users will be much safer if we force them to only have to remember one single password that can be securely used for everything without the usual drawbacks (that's why security people recommend password managers)