What is web3 wallet?

A web 3 wallet, often associated with the concept of Web3, refers to a type of digital wallet designed to interact with decentralized applications (dApps) on the blockchain. Unlike traditional wallets that primarily manage cryptocurrencies, web 3 wallets support a broader range of functionalities.

These wallets are built to facilitate interactions with the decentralized web, enabling users to access, store, and manage not only cryptocurrencies but also digital assets, identity information, and interact with various decentralized services. Web 3 wallets are a key component in the transition towards a more decentralized internet where users have greater control over their data and transactions.

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