Benzinga - The Web3 landscape is experiencing a significant shift, with user expectations for their wallets evolving rapidly.
Gone are the days when secure asset storage was the sole function; users now seek a more comprehensive and integrated experience within their Web3 wallets.
Features like DApp browsing, trading, NFT marketplaces, and even inscriptions tools are becoming increasingly in-demand.
In an interview with Benzinga, Alvin Kan, COO of Bitget Wallet, revealed substantial shifts in user expectations for Web3 wallets over the past two years, reflecting broader trends within the cryptocurrency and blockchain sectors.
Kan noted that the functionality of these wallets has expanded significantly, transforming from mere storage solutions to comprehensive platforms supporting various Web3 activities.
“Previously, Web3 wallets were mainly seen as secure storage for assets. Now, they have evolved into complex gateways offering trading, DApp browsing, and more,” Kan explained.
He further emphasized that Bitget Wallet has been at the forefront of this evolution since 2018, continuously enhancing its features to meet the growing demand for integrated services like NFT marketplaces and staking gateways.
Kan also highlighted the rise of inscriptions and meme coins as prominent trends driving recent developments in the wallet space.
“Inscriptions have gained traction, especially post-BTC halving and with the proliferation of ETFs. We’ve responded by enhancing BTC network support and even launched our own meme coin, MOEW, which has seen surprising interest from our users,” he said.
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Addressing future expectations, Kan predicted that AI and intent-based management would play significant roles in the evolution of wallet technology.
“Moving forward, integrating AI to improve the wallet experience isn't just about adding features—it's about fundamentally enhancing how users interact with Web3 technologies,” he stated.
Kan also discussed the importance of security, a top concern for many users, especially following several high-profile breaches.
“Security isn't just an add-on; it’s integral to the user experience. At Bitget, we’ve introduced keyless MPC wallets and have established strong partnerships for security audits, ensuring our users’ assets are protected without complicating the user experience,” he asserted.
Bitget’s approach to integrating with various blockchain mainnets illustrates their strategic focus on interoperability and user engagement.
“Our recent BWB Points campaign, for instance, allowed users to engage with over 40 different projects, earning points that could be converted into our upcoming BWB token,” Kan said, underlining the potential for such strategies to foster a more interconnected and user-friendly Web3 environment.
As the digital asset landscape continues to evolve, Benzinga’s upcoming Future of Digital Assets event on Nov. 19 will further explore these developments.
Insights from leaders like Kan will be central to discussions on how the industry can navigate the challenges and opportunities presented by the next generation of digital asset technologies.
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