Nexo set to launch their own non-custodial smart wallet

CryptoSlate

The Nexo Wallet allows users to send, swap, receive, and store assets while maintaining their own identity ownership.

Cover art/illustration via CryptoSlate

Nexo is set to launch its own multifunctional, non-custodial, EVM-compatible smart wallet dubbed ‘The Nexo Wallet.’

This self-governed wallet will also function as an identity wallet, allowing users to use Non-Fungible Tokens (NFTs) and the Ethereum Name Service (ENS) to build up, and utilize the benefits of their self-governed Web3 profile. This self-governed setup ultimately allows users to retain ownership of their identity profile, which centralized companies almost always retain.

The Nexo Wallet offers a user-friendly solution for sending, receiving, swapping, and storing digital assets across five blockchains: Ethereum, Polygon, Binance Smart Chain, Fantom, and Avalanche-C.

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Employing on-chain services, the wallet will also provide other functional features, including minimizing gas fees, ensuring the best prices for in-wallet swaps, and aggregating users’ balances across various other wallets into a seamless interface.

Nexo Wallet

Having faced and promptly resolved rumors of insolvency – due to a ‘real-time audit’ technical malfunction – Nexo cemented its inclination towards a user-governed future by introducing The Nexo Wallet.

At press time, interested users can sign up for early access.

Posted In: Exchanges, Wallets

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Author: Josh O’Sullivan


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