According to the statement, several investors, including KuCoin Ventures, IDG, HashKey Capital, and other Web3 strategic partners, contributed to the funding of the recently independent Halo Wallet.
Halo Wallet’s emphasis will shift from being a Web3 wallet to supporting a larger SocialFi ecosystem as a result of the rebranding exercise. To build a Web3 decentralized identifier (DID) system and interact with well-known influencers, the wallet aims to incorporate a variety of on-chain and off-chain social media protocols, such as Lens and Twitter.
Updated Halo Wallet
Halo Wallet intends to use a decentralized autonomous organization, or DAO, to progressively hand over control of its SocialFi ecosystem to the community in the future.
The business claims that adopting a DAO governance model will encourage more developers and users to investigate cutting-edge financial models and trading opportunities, thereby fostering a vibrant SocialFi ecosystem.
- Halo Wallet intends to use a decentralized autonomous organization.
- Decentralized wallets are the main way for users to enter the Web3 realm.
- KuCoin Wallet users access to the Limit Order Protocol feature of 1 inch.
Decentralized wallets are the main way for users to enter the Web3 realm, according to Jeff Haul, CEO of Halo Wallet. The updated Halo Wallet, according to Haul, provides a variety of improved social features that help users find reliable information and opportunities on social networks and build a well-rounded social identity.
Since its launch in June of last year, KuCoin cryptocurrency has made significant advancements in the decentralized cryptocurrency space.
Since its introduction, the decentralized wallet has provided thorough support for both mobile and PC, added support for tens of thousands of tokens and nonfungible token assets, introduced features like native cross-chain swaps and staking, and accumulated a user base of more than 1 million people.
To enhance token swaps, KuCoin Wallet incorporated the automated market maker feature of 1inch Network in August. The collaboration also gave KuCoin Wallet users access to the Limit Order Protocol feature of 1 inch, which enables orders to be filled at a set price when it is met.
