![]() ![]() However, while Web 2.0 transitioned the internet to focus on user-generated content and participation from users (distinct from the Web 1.0 days of users visiting mostly-static webpages), Web3 envisions a future where the internet is based on blockchains and decentralization puts a larger emphasis on user privacy. For the uninitiated, Web3 is envisioned as a new iteration of the internet, much like Web 2.0 was before it. “They need to get a superior user experience and a true benefit.But the native crypto wallet is only one part of the equation here, with Opera also using this as a springboard to dedicated Web3 support in its products. “Ultimately, Web3 is on its way to becoming a mainstream web technology and users won’t need to know they’re interacting with it,” Arnesen said, of the company’s multichain strategy. The browser wallet strategy is to remain chain-agnostic and to expand support for additional networks and layer-2 scaling options. The mobile version of Opera even takes the top spot in Nigeria - Africa’s largest economy - at 47% market share. For instance, data from StatCounter shows Opera edging out Apple’s Safari browser on mobile devices in Africa last month, with about 13% of the market, making it second only to Google’s Chrome browser. The company has been making, what it calls, a “directional shift” toward markets with higher average revenue per user, according to its fourth quarter 2021 financial report, but continues to focus on emerging markets where its market share has been historically higher. ![]() Opera had 2.81% of the global browser market share, according to StatCounter, and the company said in March that it has 380 million monthly active users. ![]() It is a multichain wallet with a web browser extension, similar to Metamask, the leading crypto wallet extension which recently touted having over 30 million active users. XDEFI wallet launched in October 2021 after raising $6 million in a Series A funding round, led by Mechanism Capital. Other browser-based noncustodial wallets have emerged in the past year, such as Phantom, launched in April 2021, which hit $1.2 billion in valuation earlier this year when its $102 million Series B raise closed. Cryptocurrency investors and users who want to engage with DeFi need a noncustodial wallet, such as Opera’s product, to store their assets. The integration announcement comes as a slew of DeFi (decentralized finance) wallets have entered the space in recent months. “Opera believes Web3 has to be easy to use in order to reach its full potential and a mass adoption.” “The Opera Crypto Browser Project was built to simplify the Web3 user experience that has often been bewildering for mainstream users,” Jorgen Arnesen, Opera’s executive vice president of mobile, said. The Norway-based company boasts “tens of millions of users,” according to a press release, who can now access decentralized apps and other services across nine blockchain ecosystems on Mac, Windows, Android, and now, iOS. Along with integration of blockchain ecosystems, including Solana, Bitcoin, Polygon and StarkEx, earlier this month, the company is making a strong play for mainstream adoption of wallet software. That puts the browser wallet on all major desktop and mobile platforms. Opera had 2.81% of the global browser market share, according to StatCounterĪs demand for DeFi exposure continues to expand, native Web3 web browser and wallet provider Opera announced support for Apple’s iOS today. ![]()
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