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London, UK: Web3 wallet XDEFI has announced a rebrand to become Ctrl, a new non-custodial wallet to simplify onboarding and enhance user experience. Ctrl will make it easier for millions of users to enter web3 and begin their on-chain journey.
The launch will see XDEFI rebranded as Ctrl (pronounced Control) and release its next-generation Ctrl wallet. At present, more than 90% of crypto users are not on-chain. Ctrl has been designed to transform the user experience offered by non-custodial wallets, empowering crypto holders to explore DeFi and web3 opportunities.
XDEFI CEO Emile Dubié said: “I believe self-custody is a fundamental right, and as a wallet provider, our responsibility is to make it accessible and secure for everyone. People should be able to have full sovereignty over their financial assets without the hurdles associated with traditional crypto wallets.
“As of today, we are the wallet with the most chain coverage. We have spent more than a year building a user experience on top of this technical advantage to make our products as intuitive as apps like Revolut. Ctrl is set to be the premier tool for onboarding millions of new users, regardless of their knowledge about crypto.”
The Ctrl wallet incorporates web2 features to overcome existing web3 pain points. By abstracting the need to pay for gas on every chain, Ctrl provides frictionless onboarding and enhanced user experience. It also offers support for more blockchains than any other web3 wallet, with 1,800 networks integrated into the Ctrl wallet.
Ctrl utilizes social login, eliminating the need for seed phrase storage by allowing secure authentication using Google or social media. Ctrl will make it easier for users to securely interact on-chain and take advantage of economic opportunities on thousands of blockchains. It will also simplify multiple wallet management and eliminate the need for gas tokens.
The Ctrl wallet will launch in beta in August, allowing early adopters an opportunity to explore its powerful features. The public will be able to sign up on the waiting list for mobile beta at Ctrl.xyz. Existing XDEFI wallet users as well as new users who installed XDEFI will have their wallet automatically upgraded to Ctrl when it launches. In the future, the $XDEFI token will be converted to $CTRL on a 1:1 basis.
Non-custodial wallet design has scarcely evolved since 2015. Ctrl represents a giant leap forward for web3 wallet usability. This will allow users to access DeFi and web3 services on multiple chains and to easily manage their digital assets. As a result, millions more users will be granted a pathway to entering web3 while existing users will gain a universal wallet for controlling all of their on-chain activities.
XDEFI, now rebranded as Ctrl, is the only wallet to cover every blockchain on Ethereum (EVM), all Cosmos chains, Solana, Bitcoin, TRON, THORChain, and more. Since launching in 2021, it’s established itself as one of the leading multi-chain wallets. The release of the Ctrl wallet will build upon this foundation and introduce web2 features that will make web3 accessible to everyone.
Learn more: https://www.xdefi.io/
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