Grab, the all-in-one app serving Southeast Asia, has introduced support for a Web3 wallet based on Polygon and non-fungible token (NFT) vouchers. This integration resulted from a collaboration with the Monetary Authority of Singapore (MAS), as reported by Tech in Asia, citing a spokesperson from Grab.

This addition is currently in a limited pilot phase, slated to run until the end of this year. Within the app, a newly added Web3 button directs users (currently only in Singapore) to create a wallet on the Polygon blockchain. This wallet feature allows users to receive NFT vouchers for various popular services within the country.

These NFT vouchers can be acquired through the cashback app Fave and can be utilized at events like the upcoming F1 Singapore Grand Prix, as well as at eligible merchants and restaurants. Upon using a voucher, users will automatically receive a digital collectible directly into their wallet.

These collectibles, as mentioned in the report, showcase iconic landmarks in Singapore and also offer additional rewards to their holders.

Notably, these wallets use a PIN for security rather than a private key. Furthermore, the Web3 wallet appears to primarily store specific vouchers and collectibles at the moment. Journalist Colin Wu also noted that it currently supports two types of digital assets, with an indication from an official source that they are exploring the possibility of expanding the range of digital assets that can be stored in the Web3 wallet. However, it does allow users to send digital assets from their Grab Web3 wallet to other wallets.