Cointime

Cointime

Download App
iOS & Android

Microsoft Edge Browser to Launch Web3 Wallet for Ethereum

Microsoft is working on the creation and release of a Web3 wallet, based on Ethereum, which will run in its leading browser, allowing users to send and receive digital assets and NFT.

The wallet is currently in a limited testing phase and is not yet available to the public.

It was first reported by Microsoft technician Albacore, who shared some screenshots of the wallet on Twitter. Based on these, Microsoft is asking “testers”, via its Edge browser, to put in their own assets.

“We encourage you to try our first Web3 wallet and provide honest feedback along the way,” Microsoft said in one of the screenshots and added: “As early testers, you have a unique opportunity to shape our cryptocurrency and NFT presence.”

Without oversight

The wallet operates without supervision, meaning users have complete control over their funds and the tech giant will not have access to passwords or recovery keys. The wallet creates an Ethereum address that allows users to receive funds through the Ethereum network.

Users can also manage multiple Ethereum accounts and choose between the built-in Edge wallet or another extension.

Microsoft has partnered with Consensys to provide the exchange capability, supporting ETH, DAI, UNI, USDC and USDT, according to Bleeping Computer. It remains to be seen if Microsoft will add support for other digital assets in the future.

According to Albacore, the wallet may be released soon:

“Enabling the cryptocurrency wallet ended up being a less complicated process than I expected, so I think the release may not be far off,” he told Blockworks.

Monitoring developments

According to the screenshots, the beta version of the wallet also features a news section for monitoring industry developments, which includes the ability to connect to decentralized applications.

Microsoft’s Web3 wallet is also an attempt by the tech giant to gain the upper hand over its competitor, Google Chrome.

Major development

While the cryptocurrency wallet, Edge, is still in its testing phase, it could be a major development for Microsoft as it allows users to send and receive cryptocurrencies easily without installing additional extensions or apps.

Undoubtedly the emergence of Web3 technologies by companies with, so far, Web2 infrastructures, proves that they are looking for ways to integrate these decentralized solutions into their platforms.

Read more: https://medium.com/coinmonks/microsoft-edge-browser-to-launch-web3-wallet-for-ethereum-56588b93a059

Web3
Comments

All Comments

Recommended for you

  • Crypto startup Lagrange Labs raises $13.2 million

    Peter Thiel's Founders Fund led a seed funding round of $13.2 million for the cryptocurrency startup Lagrange Labs. In addition to Founders Fund, the seed funding for Lagrange also included participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle, and Ecosystem.

  • Arbelos, a primary market trader in cryptocurrencies, has raised $28 million in funding, led by Dragonfly

    Arbelos completed a funding round of $28 million, led by Dragonfly with participation from FalcolnX, Circle, Paxos, Polygon, and Deribit. Arbelos Markets will primarily focus on derivatives and over-the-counter trading for institutional participants, providing trading liquidity for companies such as hedge funds and venture capital firms as counterparties for popular products such as options and futures.

  • British neobank Monzo raises $190 million, led by Hedosophia and CapitalG

    Monzo, a new bank in the UK, has raised $190 million in funding with Hedosophia and CapitalG (Alphabet's independent growth fund) leading the way. This latest funding round brings Monzo's total funding for the year to $610 million, with a post-funding valuation of $5.2 billion. Monzo CEO and co-founder TS Anil stated that the plan is to use this cash to create new products and accelerate international expansion plans.

  • Hong Kong Securities and Futures Commission: The public should beware of Quantum AI’s suspected fraudulent activities related to virtual assets

    Hong Kong Securities and Futures Commission warned the public to beware of Quantum AI's alleged involvement in virtual asset-related fraud. It is reported that Quantum AI claims to use its related artificial intelligence technology to provide cryptocurrency trading services. The Securities and Futures Commission suspects that Quantum AI used deepfake videos and photos made by artificial intelligence, impersonating Mr. Elon Musk, on its website and social media to deceive the public into thinking that Mr. Musk is the developer of Quantum AI's related technology. The Hong Kong Police Force has responded to the Securities and Futures Commission's request and taken action to block Quantum AI's website and remove its related social media pages. Although the police have taken action, the public should beware that scammers may continue to establish websites and social media pages with similar domain names.

  • A whale deposited 757.7 BTC to Coinbase 3 hours ago, worth about 47.6 million US dollars

    The Data Nerd reported that 3 hours ago, Whale 17Bu7 just deposited $757.7 worth of BTC (approximately $47.6 million) into #Coinbase.

  • US SEC submits final response in Ripple case relief phase

    Ripple Labs and the US SEC have made new progress in their legal battle, with the SEC submitting its final reply in the remedies phase of the lawsuit. In response to the recent brief on remedies, the SEC questioned Ripple's claim that the blockchain startup's behavior was not reckless, despite the court previously rejecting this "fair notice" defense, but Ripple's legal status should not have "broad uncertainty". The SEC also questioned whether Ripple might maintain its original position in the future, although Ripple has not violated any rules since the XRP lawsuit was launched in 2020. According to the remedy brief, Ripple attempted to downplay its responsibility while emphasizing its cooperation with the SEC since the XRP ICO in 2013. However, the SEC emphasized that under the law, even if Ripple has not engaged in any violations since 2020, the next violation is still expected to be possible. (Cointelegraph)

  • Messari releases Fantom Q1 report: Market value increased by 101% month-on-month, DeFi TVL increased by 59% month-on-month

    Messari recently released the Fantom 2024 Q1 status report, with the following highlights:

  • Ethereum liquidity re-staking protocol TVL exceeds $9.7 billion, of which Eigenpie TVL exceeds $760 million

    According to DeFiLlama data, the total value locked (TVL) in Ethereum's liquidity re-staking protocol is currently $9.74 billion. The top five protocols by TVL are:

  • Barcelona-based Web3 Video Games Startup GFAL Raises $3.2M in Seed Funding to Expand Team and Accelerate Production Plans

    Barcelona-based startup GFAL has secured $3.2 million in seed funding from investors including Supercell Ltd and Mitch Lasky. The company plans to use the funds to expand its team and accelerate its game production plans, which leverage AI and Web3 technology for immersive gameplay. GFAL's Elemental Raiders mobile game soft-launched in March 2023, with plans to build on this for a 2024 launch. CEO Manel Sort expressed gratitude for the investment and excitement to work with former colleagues from Digital Chocolate.

  • Wu Jiezhuang, a member of the National Committee of the Chinese People's Political Consultative Conference, suggested that Hong Kong refer to IPO to provide innovative financing models for Web3

    Wu Jiezhuang, a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Hong Kong Legislative Council, wrote an article in the Hong Kong Wen Wei Po titled "Leading the Digital Economy by Adapting to the Web3 Trend". The article pointed out that developing Web3+ has both advantages and new challenges. The Hong Kong government has taken an important step in the direction of developing Web3 and the digital economy by formulating a short- to medium-term strategic development blueprint, ensuring that policies and resources are in place, and promoting the construction of Web3+ application scenarios. Focusing on Web3, establishing an international innovation financing platform can not only help Hong Kong leverage its traditional financial advantages, but also help it become a global digital technology center. It is suggested to refer to the mature mode of existing enterprises' IPOs in Hong Kong, provide an innovative financing model for Web3, and create a market trend and service competitive advantage to promote the development of the industry and attract upstream and downstream of the industry chain at home and abroad to gather in Hong Kong.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company