Starting yesterday, the name and brand identity of the cryptocurrency exchange, KuCoin has been renamed to Halo Wallet.
Halo Wallet will now be managed independently by the KuCoin Wallet team, which has formally separated itself from the KuCoin Group. KuCoin Ventures, HashKey Capital, IDG, and other web3 global strategic partners have contributed to the first funding session for Halo Wallet.
Offerings of Halo Wallet
As SocialFi drives the next wave of the industry’s development and concentrates on hiring top Web3 talent, this branding signifies the company’s move beyond the Web3 wallet to a larger SocialFi ecosystem.
Decentralized wallets are an essential component of Web3 and are constantly evolving as a portal for worldwide users.
KuCoin Wallet has advanced significantly in the field of decentralized wallets since its debut.
The Halo team has reached over 1 million users while providing a thorough coverage for mobile and PC, adding support for tens of thousands of token and NFT assets, and launching services like native cross-chain swap and staking.
Wallets that solely offer asset management services are no longer sufficient to provide consumers with the perks of Web3 because of the expansion of investment opportunities in DeFi, NFTs, GameFi, and other areas. Halo Wallet assists in sorting through vast volumes of on-chain data to get the consensus investment information that is relevant. Halo Wallet will suggest investing portfolios based on users’ risk tolerance to help them boost profits and reduce hazards.
According to Jeff, the head of Halo Wallet, “decentralized wallets are the most important user portal for Web3. The rebranded Halo Wallet provides enriched social functions, helps users shape their social identity comprehensively, enables the discovery of high-quality information and opportunities from social networks, and enables users to enjoy the benefits of Web3.”
Halo Wallet is dedicated to providing common consumers with the chance to cut through the media clutter and locate top-notch investment opportunities. Users of Halo Wallet can learn about trading tactics, comprehend current market trends, and enhance the calibre of their investment selections by following smart wallets, opinion leaders, and professional investors from a variety of industries.
To establish a full Web3 DID and further interact with well-known influencers, Halo Wallet will also incorporate a range of on-chain and off-chain social media protocols (such as Lens and Twitter).
Halo Wallet intends to eventually cede control of its SocialFi ecosystem to the people using it. The SocialFi ecosystem will be created by the DAO governance architecture, which will drive more producers and users to explore trading opportunities and develop new financial models.
