VeChain has launched its native self-custody wallet called “VeWorld”. The newly launched wallet, which will provide users with a wide range of benefits, is one of many developments that the VeChain Foundation has in store for this year.
The Foundation announced the launch today via its Twitter account, with a link to an official Medium article revealing the wallet. This development comes shortly after the VeChain network passed 2 million known addresses.
What is VeWorld?
According to the announcement, “VeWorld” acts as the “gateway to the world of VeChain,” with the wallet providing users with easy access to and the ability to manage their VeChain tokens.
The Foundation announced that this wallet would improve the overall user experience of the VeChain ecosystem. In addition, there are extensive plans for new features and improvements to the wallet, indicating that the wallet will continue to evolve and improve. A dedicated team of Foundation developers will perform these upgrades every two weeks.
VeWorld is now only available as a web wallet and can be downloaded from veworld.net. However, there are plans to release mobile and desktop versions of the wallet in the third quarter of this year, giving users more flexibility in managing their wealth.
Since the collapse of the crypto exchange FTX, which lost billions, self-custody of tokens has become popular. This makes the launch of the VeChain wallet all the more important.
The team is working on a wide range of advanced features in addition to the standard options, including a direct fiat-on-ramp option, a carbon emissions calculator that allows users and businesses to monitor their environmental impact, easy integration of native NFTs, cross-chain bridges, integration with DEXs and many other possibilities.