Robinhood Set to Launch Its WEB3 Wallet With NFT Access

Avalanche (AVAX) and Stellar (XLM) Now Listed on Robinhood
  • Crypto wallet to obtain all benefits of de-fi across platforms.
  • Robinhood3 will be available for all by the end of the year.

Vlad Tenev, Co-founder and CEO of Robinhood, screened the launch video at a Permissionless conference in Florida on May 17. Tenev believes that the new Robinhood3 wallet will be user-friendly to explore all the de-fi benefits.

Vlad Tenev states:

“There’s got to be a way to get all the security and privacy benefits of self custody with the low-cost simplicity and mobile-first design that you’re accustomed to with TradFi products”

Succeeding the launch of Coinbase dapp wallet, another colossal financial firm in the market, Robinhood is all prepped up to release its new web3 wallet with access to NFT and crypto-assets. The talk about this development began in Feb 2021, and the company released its beta version to 1K users by the start of this year, which further expanded to 2 million users by April due to high demand.

Features of Robinhood3

Robinhood’s stand on cryptocurrency has changed over the years. Now the company believes “that crypto is just more than just an asset class”. The non-custodial wallet will be an individual application with dapp features such as trading crypto with no transaction fees, bank NFT & communicate with the NFT platforms, and gaining interest with assets at stake.

The zero network fee will be applicable only for traders who integrate with a third-party de-fi app. Users can now sign up for the wallet, and they will get access around this summer. The rest of the market can expect Robinhood3 by the end of 2022.

Robinhood tweet:

Media person with a programming background. Ecstatic about exploring worlds in and out of books. Gains confidence by trying out new things. Dedicated to upgrading knowledge about Crypto Market.