KuCoin launches decentralized crypto wallet

KuCoin crypto exchange has launched KuCoin Wallet a decentralized solution to explore and discover the Web3.0 world.
KuCoin launches decentralized crypto wallet
KuCoin launches decentralized crypto wallet

KuCoin Wallet provides consumers with crypto services such as GameFi, Decentralized Finance (DeFi), and Non-Fungible Tokens (NFTs) for a more convenient Web3.0 experience.

KuCoin’s CEO, Johnny Lyu, explained:

“As the gateway to the Web 3.0 network, crypto wallets are an important requirement for users to participate in the decentralized ecosystem and have developed beyond a mere tool to store digital assets. The launch of the official website of KuCoin Wallet is additional proof that shows the determination of KuCoin to enter the Web 3.0 field at a critical time.”

The wallet is viewed by the exchange as a stepping stone for future Web3.0 investments.

KuCoin Wallet’s CEO, Jeff Haul, stated:

“KuCoin always hopes to better cater to the needs of all classes of investors. The release of the official website of KuCoin Wallet is one step further for KuCoin to make an exploration in Web 3.0.”

KuCoin’s wallet, according to the company, offers multi-chain aggregation using the KuCoin ecosystem. According to the company’s announcement, it lets customers to create a decentralized account for Web 3.0 in seconds and send, receive, and store BTC, ETH, USDT, USDC, BNB, and other tokens in one spot.

According to Blockchain.News, KuCoin announced a $100 million “Creators Fund” in April to drive Web3.0 growth and empower early-stage NFT enterprises.

Concepts like token-based economics and decentralization are projected to be merged into Web3.0, which is a blockchain-powered iteration of the World Wide Web. As a result, consumers will have complete control over their personal information.

Web3.0 is substantially better for creators than Web2.0, according to Andreessen Horowitz (a16z), a renowned Venture Capital (VC) firm.