Web3 wallet provider XDEFI has rebranded as Ctrl and launched a new non-custodial wallet to simplify onboarding and user experience for those entering web3. This rebrand is part of a bigger effort to make DeFi and blockchain more accessible to everyone.
The Ctrl Transition
XDEFI’s transition to Ctrl (pronounced Control) includes a next-gen non-custodial wallet. Emile Dubié, XDEFI CEO, said self-custody is key in crypto and wallet providers need to make it accessible and secure. According to Dubié, Ctrl is designed to change the user experience of non-custodial wallets so users can explore DeFi and web3.
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.”
Web3 Problems
One of Ctrl’s main goals is to solve Web3’s problems by bringing Web2 features to Web3 to simplify onboarding and user experience. A big innovation of the Ctrl wallet is to remove the need for users to pay gas fees on every chain. This will reduce friction for new users and make Web3 more approachable. In addition to no gas fees, Ctrl supports 1,800 blockchains, more than any other Web3 wallet. This gives users unprecedented flexibility and access to many blockchain environments.
Security and Accessibility
Ctrl increases security and accessibility with social login options like Google or social media accounts, so users don’t have to manage complex seed phrases. This simplifies the auth process while keeping security standards high. The wallet also simplifies managing multiple wallets and removes the need for gas tokens, making the user experience even smoother.
This will make web3 more accessible to everyone, for mass adoption. By removing the need for users to deal with technical stuff, Ctrl will be as simple as Revolut.
Beta Launch and Roadmap
Ctrl will launch in beta in August and early adopters will get to try it out. Sign up for the mobile beta waitlist on Ctrl.xyz. XDEFI wallet users and new users who have installed XDEFI will have their wallets automatically upgraded to Ctrl when it launches. We will also convert $XDEFI to $CTRL 1:1 in the future so token holders will have a smooth transition.
The beta release is the final phase of the Ctrl rollout and we want to get feedback from early users and make any necessary changes before the full public launch. By having users participate in the beta we want to make sure the final product meets the needs and expectations of our user base.
Wallet Improvements
Ctrl aims to give users a more streamlined and comprehensive tool to manage their digital assets and interact with DeFi and web3 services across multiple chains. The features are designed to lower the barrier to entry for new web3 users and increase the capabilities for existing users.
Since non-custodial wallet design was first introduced in 2015 there hasn’t been much innovation. Ctrl aims to fill that gap by providing a universal wallet that makes interacting with blockchain technology easier. This will drive massive adoption of decentralized technologies.
XDEFI’s History and Vision
Since 2021 XDEFI has been a multi-chain wallet, supporting EVM chains (Ethereum), Cosmos chains, Solana, Bitcoin, TRON, THORChain. The rebrand to Ctrl and the Ctrl wallet builds on top of that and adds web2 features to make web3 more accessible to a broader audience.
Ctrl’s broad blockchain support and user focused design shows the company’s commitment to innovation and inclusivity in the crypto space. By solving the existing web3 problems and making it more user friendly Ctrl will be a key tool in the growth of DeFi and blockchain adoption.
Conclusion
The XDEFI to Ctrl rebrand is a strategic move towards making web3 more accessible. With its features and broad blockchain support Ctrl will redefine the non-custodial wallet experience and bring new users into the web3 ecosystem. By lowering the barrier to entry and improving the user experience Ctrl will play a part in broadening the adoption of decentralized technologies and more people participating in the web3 movement.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
