The decentralized wallet platform KuCoin Wallet has rebranded as Halo Wallet, departing from the parent crypto exchange, KuCoin.
As part of the rebranding efforts, the platform gained a new name, logo, user interface (UI), and roadmap.
- Several investors, including KuCoin Ventures, IDG, and HashKey Capital, have backed Halo Wallet with funding.
- With this move, the platform aims to shift its focus from the Web3 wallet to a broader SocialFi ecosystem that combines social media and decentralized finance (DeFi).
- Halo Wallet plans to integrate its platform into various on-chain and off-chain social media protocols like Lens and Twitter.
- The
platform also says that it would gradually hand over the control of its
SocialFi ecosystem to the community through a decentralized autonomous
organization (DAO).
- Jeff Haul, the head of Halo Wallet, stressed that decentralized wallets serve as consumers' main entry point into the Web3 ecosystem.
- KuCoin Wallet (now Halo) has added more than 1 million users to its network since its launch in June 2022.
