Explaining Web3 Wallets and Their Functionalities
Explaining Web3 Wallets and Their Functionalities
š Web3 Wallets Unlocked
Web3 wallets are crucial tools for managing digital assets in the decentralized ecosystem. Unlike traditional crypto wallets primarily used for storing and transferring cryptocurrencies, Web3 wallets offer enhanced functionalities aligned with decentralization, privacy, and user sovereignty. They facilitate direct connections with decentralized applications (dapps), enabling interactions beyond simple transactions, such as gaming, social media, and complex financial services within the DeFi space. Web3 wallets manage not only cryptocurrencies but also non-fungible tokens (NFTs) and other types of tokens, highlighting their multifunctionality as enablers of a vast, user-driven digital economy.
What exactly are Web3 Wallets? Web3 wallets not only act as gateways to decentralised applications (dapps) and smart contracts but as crucial tools for managing a new breed of digital assets. Unlike traditional digital wallets, whose functionalities were primarily confined to
Did you think crypto wallets physically hold cryptocurrencies like the wallet in someoneās pocket? Hereās what you need to know! Cryptocurrency wallets store usersā public and private keys while providing an easy-to-use interface to manage crypto balances. They also support
š” USDC Bonus Rewards
**US users can earn an extra 10% annual rewards on USDC** through DeFi Yield for a limited time. **Key Details:** - Minimum stake: $100+ USDC - Duration: 30 days minimum - Campaign starts: December 11 - Opt-in period: December 4-11 This follows a similar promotion earlier this year offering 3% extra rewards on SOL staking. **Requirements:** - Stake or supply USDC in DeFi Yield - Maintain position for at least 30 days - US jurisdiction only [Full terms and conditions](https://crypto.onelink.me/J9Lg/hujs6twp) *Act fast - opt-in window closes December 11.*
š Ethereum's Fusaka Upgrade Goes Live
Ethereum's **Fusaka upgrade** launched December 4th, implementing 13 EIPs focused on scaling and efficiency improvements. **Key Changes:** - Gas limit increased from 45M to 60M - Enhanced L2 rollup efficiency through PeerDAS - Blob upgrades providing more data space at lower costs - Per-transaction gas caps for smoother block processing The upgrade targets three main areas: **L2 scaling**, **L1 throughput**, and **user experience**. PeerDAS reduces validator burden while enabling more data availability for rollups. **What's Next:** Glamsterdam upgrade planned for H1 2026 will focus on: - MEV transparency improvements - Enhanced censorship resistance - Privacy features through Kohaku Fusaka positions Ethereum for a more efficient rollup-centric future with reduced fees and improved performance across Layer 2 solutions. [Learn more about Fusaka](https://crypto.com/en/research/ethereum-fusaka-upgrade-nov-2025)
Zilliqa Flash Rewards Program Launches with 14% Annual Returns
**Crypto.com** has launched a new Flash Rewards program for **Zilliqa (ZIL)** tokens, offering **14% annual percentage yield**. The program is part of Crypto Earn, the platform's staking service that has recently expanded to include multiple cryptocurrencies: - **ZIL**: 14% p.a. (current launch) - **ATOM**: 22% p.a. (launched Nov 27) - **STX**: 12% p.a. (launched Nov 13) - **AXL**: 10% p.a. (launched Nov 20) - **TON**: 8% p.a. (launched Nov 7) Users can [join the ZIL program](https://crypto.onelink.me/ADTi/iqimt2zl) through the Crypto.com platform. *Ready to earn rewards on your ZIL holdings?*
š Fanatics Bets Big
**Crypto.com partners with Fanatics** to launch Fanatics Markets, a new prediction platform targeting sports fans. The collaboration creates what they call the **first fan-led prediction market** combining sports, finance, and culture. - Platform allows users to make predictions on sports outcomes - Represents Crypto.com's expansion into sports betting markets - Targets the intersection of traditional sports fandom and crypto trading This partnership positions both companies to capture the growing sports prediction market as crypto adoption continues in mainstream entertainment. [Read full announcement](https://crypto.com/us/company-news/fanatics-launches-fanatics-markets-the-first-fan-led-prediction-market-at-the-intersection-of-sports-finance-and-culture-through-a-strategic-partnership-with-cryptocom)
ā½ Crypto.com Launches Champions League Match Coin Challenge in London
**Four challengers compete** for the chance to deliver the Official Match Coin at a Champions League match in London. Participants must: - Navigate through stadium stands - Solve clues and puzzles - Battle other competitors The winner gets to **hand over the match coin** during the official ceremony. **Want to participate?** Fans can claim their own shot at delivering the coin at upcoming matches through [Crypto.com's UCL portal](http://crypto.com/ucl). This builds on Crypto.com's ongoing Champions League partnership, which includes digital collectibles, prediction games, and exclusive fan experiences.