Binance Web3 Wallet Adds Support for Multiple Networks
Date: 2023-12-07 Author: Dima Zakharov Categories: BLOCKCHAIN, CRYPTO PAYMENTS
The Binance team made the announcement on December 7, 2023, welcoming these five new networks into the Binance Web3 Wallet ecosystem. Users can now seamlessly transfer tokens across these blockchains directly through the wallet extension, simplifying their cryptocurrency management experience.
Furthermore, Binance has also unveiled a generous airdrop program worth $500,000. To be eligible for this airdrop, users simply need to execute at least one swap transaction using the Binance Web3 Wallet by the end of 2023.
The winners of the airdrop will receive a portion of the prize pool, ranging from 1 SHIB (approximately $0.000009) to 1 BTC (approximately $43,200), depending on their luck. This initiative aims to reward the Binance community for their loyalty and engagement with the Web3 Wallet.
Binance initiated the launch of its proprietary crypto wallet in early November, integrating it into the primary trading application of the exchange. The wallet leverages advanced multi-party computation technology to ensure security and seamless transactions.
In a parallel move, Trust Wallet, owned by Binance, introduced its "wallet-as-a-service" offering, enabling corporate clients to deploy decentralized applications using the company's technology stack.
