Web3 Wallet

Definition ∞ A Web3 Wallet is a digital tool that allows users to manage their digital assets and interact with decentralized applications on the internet. It acts as a gateway to the decentralized web, enabling users to store, send, and receive cryptocurrencies and tokens. Web3 wallets are crucial for accessing decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and other blockchain-based services. They provide users with self-custody of their digital identities and assets.
Context ∞ The development and adoption of Web3 Wallets are central to the user experience of the decentralized internet. Current discussions often focus on improving wallet security, user interface design, and interoperability across different blockchain networks. Regulatory considerations regarding wallet providers and their compliance obligations are also becoming increasingly prominent in industry discourse.