I don’t know about you, but downloading a Web3 wallet and funding it for the first time was a nerve-wracking experience. Sending money without trusting some central authority with a familiar logo left me feeling unmoored; I refreshed my wallet a few times, waiting.
After using it for a few months, I realized that this decentralized wallet was a very different beast from typical payment apps provided by banks or companies like Paypal. These wallets not only carried my crypto assets but also my login credentials and transaction history forming a proto-identity to use across the world of Web3.
It appears that Web3 wallets are more akin to vehicles, which allow people to traverse the new blockchain-based internet and, one day, the brown leather wallet in my back pocket will be as archaic as rotary dial phones. And quite right too: there are so many decentralized finance (DeFi) apps that it would be impossible for a person to create…
