The KuCoin Wallet team has formally separated from the KuCoin Group and will now operate Halo Wallet alone. KuCoin Ventures, IDG, HashKey Capital, and other Web3 strategic partners from throughout the globe contributed to Halo Wallet’s first round of funding.
The wallet’s new name and brand identity reflect its dedication to offering consumers a more holistic experience in the SocialFi ecosystem, which focuses on attracting top Web3 talent.
Decentralized wallets play an important role in Web3 as a gateway for worldwide users, and they are evolving on a daily basis.
Since its inception in June 2022, the KuCoin Wallet platform has introduced support for tens of thousands of tokens and NFT assets, released features like as native cross-chain exchange and staking, and attracted over 1 million users.
Halo Wallet aids in the extraction of important and consensus investment data from vast volumes of on-chain data.
It is more than simply a decentralized wallet; it is a platform that assists users in identifying high-quality investment targets, monitoring their portfolios, and making educated choices. The wallet has enhanced social functionalities that let users define their social identity holistically, uncover important and consensus investing information from enormous volumes of on-chain data, and connect with prominent influencers.
Jeff, the CEO of Halo Wallet, stated:
“Decentralized wallets are the most important user portal for Web3. The rebranded Halo Wallet provides enriched social functions, helps users shape their social identity in a comprehensive manner, enables the discovery of high-quality information and opportunities from social networks, and enables users to enjoy the benefits of Web3.”
Halo Wallet intends to eventually pass over governance powers of the SocialFi ecosystem to the community, with the DAO governance model encouraging more producers and users to explore trade possibilities and develop financial models, resulting in the world’s most active SocialFi ecosystem.
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