Web 3.0 was the most viral topic and opportunity at the time. However, despite turbulence from crypto winter, web3 is growing slower than expected, along with the sluggishness in cryptocurrencies, exchanges, and crypto wallets. A limited market is a result of a higher threshold in this realm. Though capitals were scrambling to rush into Web3 and Dapps (decentralized applications), its dynamic was too far behind to catch up with any Web2 unicorn.

Shortcomings of existing crypto wallets

Once a Web 3.0 product is labeled “hard to learn”, “low security”, or “non-practical”, it won’t be long until it vanishes from the market.

As the introducer to Web 3.0 for plenty of users, Metamask has been providing services for over 3 million users. However, the hard-to-use nature of this crypto wallet still deters many users and ultimately leads them to switch to another wallet. Admittedly, most crypto wallets have more or less the following shortcomings:

• Chrome extensions required: it has to redirect to another page several times to approve transactions

• Possibility of private keys leakage increases security risks

• High learning cost for newbies

• Unable to manage multi-chain assets

Solution - Avatar Wallet

What is Avatar Wallet?

There is an eager need for a more user-friendly crypto wallet that simplifies the learning process and gets newbies into the world of web3 easily. In this case, PlaNFT released a crypto wallet completely different from others - Avatar Wallet 1.0.

Only one simple action is needed - log in to the wallet with your Google account, and you are able to access and manage your Avatar Wallet on PlaNFT, where you can freely create and trade NFTs and clubs, and even mint mystery boxes.

In the coming Avatar Wallet 2.0, financial management and payment services are in the pipeline. Avatar Wallet will become the future Paypal for Web3.

Features of Avatar Wallet

Keyless crypto wallet: users can log into Avatar Wallet with Google accounts. No wallet key means no special maintenance for key storage and assignment systems, and the users do not have to worry about seed phrases or reset passwords.

Decentralization: the Avatar Wallet address is a smart contract deployed on the blockchain. All user information and data will be stored within the smart contract. Therefore, unlike managing a wallet with a private key escrow, the Avatar Wallet by no means has access to the assets of users. Transactions with Avatar Wallet require users to confirm in a Web 2.0 account and verify on the smart contract, without any centralized operation in the process at all.

Security: the security level of Avatar Wallet is bound to that of the verified account. It will be as secure as your verifying agent (Google, Facebook, Bank account, or others).

What Avatar Wallet offers

Purchase cryptocurrency with credit/debit cards: Users do not need to rely on CEX and are able to directly purchase cryptocurrency with credit/debit cards.

Minting & trading NFT on PlaNFT: Avatar Wallet allows users to mint, trade, create mystery boxes, swap NFTs, and join NFT clubs.

Token-swapping: Avatar Wallet supports token-swapping, transferring crypto assets to other crypto wallets.

Access to apps: Avatar Wallet plans to develop the capability of accessing most of the apps in the Web2 ecosystem. By then, its compatibility and usability will be greatly improved to meet the needs of web2 and web3 users.

Avatar Wallet for KOLs

Ever since PlaNFT released the NFT club subscription function, KOLs and influencers who used to rely on Web 2.0 platforms found new opportunities and swarmed into PlaNFT, starting to build their own community. However, it turned out to be that their followers did not join as expected. It was because many followers on web2 social media did not understand what a crypto wallet is, fearing that their assets would be put at risk, and they are also bothered by the repeated complicated verification of Metamask.

Based on this, Avatar Wallet can better help KOLs attract web2 users to their communities, allowing fans and followers to easily access the Web 3.0 world via Google accounts. The number of influencers who choose PlaNFT is increasing, as well as the number of their followers entering this new realm, with NFT clubs binding them more closely.

As an innovative crypto wallet, Avatar Wallet aims to solve the issues of high thresholds and hard-to-use Dapps to give a better user experience. In contrast to most Web 3.0 crypto wallets, Avatar Wallet acknowledges the symbiotic relationship between Web 2.0 and Web 3.0 and strives to facilitate the transition from Web 2.0 to Web 3.0. Avatar Wallet will try its best to provide reliable service for every user.

As usual, your voice is highly welcome. Come and join our communities on Discord and Telegram. Join #Avatar Wallet!