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Integrated wallets are one of the key ingredients for the new batch of Web3 apps. Instead of relying on MetaMask and existing seed-phrase wallets, some projects are trying to create a tool that resembles Web2 accounts, while also offering strong cryptographic protection.
We picked some of the emerging Web3 wallets with a focus on simplicity, while giving control to the end user. Here are some of the top integrated wallets for NFT and token access.
Ignitions Wallet Widget
Ignitions wants to offer access to all types of users, and has combined access through a wallet widget. The widget allows connection to MetaMask for advanced users, as well as connection to other well-established external wallets.
Ignitions has the chief goal of smooth onboarding for end users, and retaining most of their traditional players. Ignitions also added a detailed history of all Web3 activities, to track NFT and token transactions.
Ignitions is a curated Web3 hub with integration as a service, for any Web2 projects. Ignitions offers enterprise-grade security and data backups, aiming to bring even the biggest games as Web3 apps. The widget wallet uses AWS with more than 400 locations, and is specifically protected against attacks.
Agoric Smart Wallet
Agoric is an example of innovation that uses account abstraction. End users gain access to a smart contract, and can control their funds fully, but they do not store the private keys. Instead, their account information is tied to a smart contract.
This solution is still relatively new, and there are no news of exploits or risks tied to the smart contract. Agoric Smart Wallet is just starting out and accruing its first thousands of users.
Agoric is also one of the current hubs offering Web3 onboarding services for developer teams, with a blockchain-agnostic approach.
Coinbase Web3 Wallet as a Service
Coinbase has tracked almost all trends, and its Coinbase wallet is already well-established. The Coinbase brand also extended to NFT, and has shown interest in the Web3 space.
Coinbase will allow any third-party company to onboard users with its easily integrated wallet. The new tool arrived in March, and quickly rose to prominence due to the Coinbase brand. The goal was to onboard the next million users and make Web3 integration seamless.
The Coinbase wallet is also a form of account abstraction, where the access codes are held between the users and Coinbase’s servers. This means users will not have to store and protect pass-phrase or private keys. The new Coinbase wallet-as-a-service is already building partnerships in the Web3 space, and will be able to carry both L1 and L2 scaling solutions and networks.
Avalanche Core Wallet
Avalanche Core is a relatively older wallet where users still retain total control. The Avalanche network itself is an important hub for driving Web3 adoption through various tools. Recently, Core wallet also debutted as an iOS app.
Core works as a standard multi-asset wallet, but its focus is on storing and displaying NFT collections in an intuitive way. Users of the wallet have the final custody and must still store their private keys. Core is tailored to the infrastructure of Avalanche, as it can display subnets and bridge assets between networks.
Plena Smart Wallet
Plena Smart Wallet is a recent addition, expanding the list of smart wallets. This wallet also uses interaction with a smart contract to achieve both security and ease of use. Plena Smart Wallet is reaching out widely through both Android and iOS mobile apps.
Plena Smart Wallet tries to be as simple as possible, targeting new users for NFT, metaverses and games. Plena Wallet also has multi-chain access and shows acceleration in its transaction counts in early 2023.
Plena Smart Wallet also hosts DeFi swaps for easy small-scale exchanges, and can bridge between multiple blockchains. The wallet is also serving as an account, and can be scaled to any number of users for already established apps. The wallet is also aiming to make the experience of Web3 more intuitive.
The wallet also held giveaways in March, to boost its user count and elevate its usage.
There is no one right standard for wallets, and different approaches are evolving along with Web3 apps. The ability to create smart wallets or account abstraction fast means more wallets will appear in the coming months.
Wallets and accounts are already in use through wallets like Wax, as well as some of the wallets for Klaytn. Games are trying to make NFT storage seamless, with no requirement to generate a new wallet. The goal is to convince users that Web3 experience can be similar to Web2, but with added secure ownership.