The sentiment of the crypto market seem to have changed in a much more mature state than the one 2022 started with. Walking almost a year long journey with crypto winter, the boost Ethereum Merge and other major upgrades gave to the crypto space seems to have been the starting point of some interesting developments.
As we move to a world that is shifting its usage of data to a Web3 scenario, more DeFi based projects are taking over the various use cases. Mostly to remain at par with the evolution that is ever changing. Frontier, a decentralized finance protocol, introduced an option for in-browser wallet extension which will be allowing various crypto users to interact with different crypto uses like staking, transactional activities, and NFT activities. The feature is being made available with over 35 supported blockchains on the Aptos DeFi Protocol.
Additional Read: Aptos Price Prediction
The wallet that is being introduced by Aptos will make it possible for users to interact with any decentralized applications, commonly referred to as dApps, in one place instead of switching to different applications. Switching to various applications while using the apps often becomes a tedious activity for active DeFi users. The main factor of interest in this development is that the wallet supports newer blockchains such as Aptos and Sui; both of which have seen a strong interest and engagement among the enthusiasts in the crypto circles in the past few months.
📢 Web3 folks! The Frontier Wallet extension is now live!
⚡️Just one wallet extension for your Crypto, NFT, and DeFi needs!
✅ Get it here: https://t.co/YKIuHB5kXI#FrontierWallet #Crypto #DeFi #NFT #MultiChain #cryptowallet pic.twitter.com/tg4YZTpNMB
— Frontier Wallet (@FrontierDotXYZ) January 16, 2023
Uses of The In-Browser Wallet:
The crypto market can use the in-browser wallet can be used for the following purposes:
- Staking tokens
- Storing and transferring NFTs
- Users can also transfer tokens between various networks, a process known as bridging.
A Frontier representative commented, “MetaMask also has not been focusing on non-EVM chains at all. MetaMask has been focusing on MetaMask institutions. However it still lacks the feature where users can access NFTs, interact with DeFi’s all in one place.”
What is DeFi?
Decentralized Finance is a new financial terrain where investors from all around the world explore different financial solutions to check the best fit for their financial needs or goals. DeFi applications are built on open source peer to peer networks that offer good TPS – transaction per second speed, decentralization (for easy traceability of funds) and security.
Read More: DeFi Staking Explained
Source: CoinDesk
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