A major crypto trading platform has unveiled a new wallet that's designed to help users make the most out of what Web3 has to offer.
KuCoin Wallet allows customers to create a decentralized account in a few taps — creating a secure environment where major coins including Bitcoin, Ethereum, USDT and USDC can be received, sent and stored.
The product's designed to be much more than a crypto wallet — and in the coming months, new features will cater directly to NFT collectors, DeFi investors and GameFi enthusiasts. KuCoin has also revealed that its wallet has integrated Windvane, a "one-stop" marketplace for nonfungible tokens, to ensure collections can be bought, stored and viewed with ease.
KuCoin Wallet is self-custodial, meaning that consumers have full control of their assets and manage their own private keys. Its infrastructure has undergone a thorough audit with Hacken to give users peace of mind, too.
According to KuCoin's CEO Johnny Lyu, modern crypto wallets are far more than a place where digital assets are stored — now, they're a passport to decentralized worlds… and a gateway to all things of Web3. He added that the exchange wants to ramp up its business offering by going beyond centralized trading services.
A significant milestone
Figures from the platform suggest that KuCoin Wallet has received more than three million registrations for the public open testing around the world — and the rollout is a "significant milestone" for the ecosystem.
Multi-chain aggregation has long been at the heart of this product's offering, with executives having a vision of allowing users to manage their digital assets in one place — even if these cryptocurrencies are spread across multiple chains.
Whereas some Web3 platforms have come under criticism for a lack of usability when compared with Web2 rivals, KuCoin is hoping to reduce barriers to entry by delivering a user-friendly experience that makes exploring this new world simple.
The platform's determination to play a bigger role in Web3 follows the success of KuCoin Community Chain, known as KCC for short. More than 60 DApps have already been built on top of this public chain project.
And the project hasn't been afraid to put its money where its mouth is either. Following the launch of Windvane, itself a decentralized NFT marketplace, KuCoin Ventures launched a $100 million creators' fund to "empower the development of Web3" — championing a diversified range of NFT projects that span Sports, celebrity culture and GameFi.
The end goal is simple: promoting the mass adoption of blockchain around the world, and ensuring there's something for everyone to enjoy.
Exploring the decentralized web
Once a decentralized account has been created through KuCoin Wallet, users can safely store their NFTs in one place — and go through the verification processes necessary to use their favorite avatars as profile pictures on social networks.
The easy-to-use app also opens the door to trading and lending, with the wallet serving as a login for play-to-earn games too.
KuCoin Wallet says it delivers "full coverage" of DApps on Ethereum, Polygon, KuCoin Community Chain, BNB Smart Chain and more — giving those with an account access to trending DApps and new arrivals within its software.
The Web3 industry is already worth billions of dollars, and is expected to grow substantially by the end of the decade as existing tech giants and new startups rush to launch cutting-edge platforms.
Armed with years of experience in serving the crypto community, KuCoin's new wallet aims to ensure everyone can explore everything this new era of the internet has to offer — simply and safely.
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