Korbit launches Web3 wallet./Courtesy of Korbit

On the 10th, domestic virtual asset exchange Korbit announced that it will launch a non-custodial personal wallet "Korbit Web3 Wallet."

This wallet is based on the Layer 2 "Silicon" network and boasts the advantages of stability and fast transaction speed within the Ethereum ecosystem. Silicon is a blockchain network launched by the joint venture "Hydro" between Korbit and the blockchain technology corporation OGIS, built using the Polygon Chain Development Kit (Polygon CDK) and Zero-Knowledge Proof rollup technology.

Korbit is the first among domestic virtual asset exchanges to provide users of centralized exchanges with a personal wallet that can connect to the Silicon blockchain. This wallet allows for direct asset consolidation with the Korbit exchange, and transactions within the wallet can be processed using only simple authentication (biometric authentication, easy password), enhancing the convenience of authentication. Users can easily create a Web3 account if they have a Korbit account, and anyone can verify their qualifications and receive airdropped tokens.

In addition, it supports wallet connect functionality, enabling user data consolidation with external projects (services) and Dapps. This is expected to serve as a gateway for Web2 and Web3 services. Korbit noted that to celebrate the launch of the Korbit Web3 Wallet service, it will hold a random box event offering a total prize of 15 Ethereum (ETH). This will be held from the 10th to the 21st of next month, targeting members who create a Web3 wallet and complete customer verification and Shinhan Bank account linkage.

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