ICYMI: Robinhood launches DeFi wallet to rival Metamask
Robinhood is taking the plunge in the nascent world of web3, announcing a new wallet application that allows customers to access non-fungible token markets, decentralized exchanges and swap tokens.and function similarly to other non-custodial wallets like MetaMask, the US brokerage announced at crypto conference Permissionless on Tuesday. Still, Robinhood is hoping that the sleek and intuitive design of its new app will make engaging with web3 destinations less cumbersome for newbies.
Another bonus: the firm plans to cover gas fees, which during certain periods of activity can make swapping coins prohibitively expense. "We're making it not scary, easy to use," said Robinhood's crypto CTO Johann Kerbrat in an interview with The Block.
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