- BlockWallet launches web3-oriented wallet solution.
- The new and improved wallet offers privacy-focused features.
- In early 2021, BlockWallet raised $1.8M in its initial funding round.
In its aim to reclaim financial privacy, BlockWallet has launched its web3-oriented wallet solution that comes with built-in privacy features. It provides solutions that tackle common privacy issues without having to compromise the wallet’s functionality.
Users can now download the BlockWallet browser extension for Google (NASDAQ:GOOGL) Chrome, Microsoft (NASDAQ:MSFT) Edge, Opera (NASDAQ:OPRA), and Brave browsers.
In detail, BlockWallet introduces a slew of features that include privately sending and receiving crypto without disclosing the balance of the main wallet; convenient access to dApps across multiple blockchains; support for Ethereum, Binance Smart Chain, Avax, Fantom, and Polygon.
Furthermore, the new and improved wallet will also utilize the non-custodial wallet approach to guarantee that only the users have full control over the funds. With BlockWallet Proxy, users can privately interact with blockchain apps to prevent unveiling their IP addresses and other metadata. In addition, it also supports front-running bot protection.
Moreover, the public launch of BlockWallet serves as a significant milestone for the platform. According to the team, they have been working hard to create a privacy-oriented non-custodial browser wallet to gain access to web3.
That said, BlockWallet CTO Iman Hossini explained:
When users interact with Web3, it poses significant risks because now the financial data is also attached to the user. As we build Web3, we should not make the same errors as before but aim to create a truly private Web3 experience. BlockWallet launch is a significant step towards this goal.
With more than 2,000 community members that applied for testing, the BlockWallet solution went through a meticulous beta testing round. In that sense, BlockWallet CEO Aleksandras Gaska notes:
In a world where privacy violations are commonplace, it is imperative to protect your privacy. However, not everyone has the skills or time to do that. I am happy that we can finally present a practical solution for the blockchain world that allows everyone and everywhere to take ownership of their privacy.
Meanwhile, in early 2021, BlockWallet raised $1.8M during its initial funding round–an oversubscription of 68x.