Cryptocurrency exchange Korbit announced on the 10th that it will launch a non-custodial personal wallet 'Korbit Web3 Wallet'.
Korbit's Web3 Wallet is based on the Layer2 'Silicon' network and has the stability of the ETH ecosystem and fast transaction speed as its strengths, according to the company. Silicon is a blockchain network launched by 'Hydro', a joint venture between Korbit and blockchain technology company Oasis. It was built using the Polygon chain development kit's zero-knowledge proof rollup technology.
Korbit provides a personal wallet that can connect centralized exchange users to the Silicon blockchain. Through this wallet, direct asset connection with the Korbit exchange is possible. When trading within the wallet, it can be processed with just simple authentication (biometric authentication or simple password), further improving the convenience of authentication. Anyone with a Korbit account can create a Web3 wallet. Users can verify their eligibility and receive airdropped tokens.
It supports the Wallet Connect feature, allowing user data connection with external projects (services) and DApps. This is expected to serve as a gateway between Web2 and Web3 services.
The company is holding a random box event with a total prize of 15 ETH to commemorate the launch of the Korbit Web3 Wallet service. From today until March 21st, users who create a Web3 wallet and complete customer verification and Shinhan Bank account linkage are eligible to participate.
Users can receive random boxes through daily check-ins and four missions. ETH and Web3 scores will be provided as rewards. When the event ends, badges will be awarded to users based on the weighted Web3 scores they have accumulated.
Korbit CEO Sejin Oh said, "Through the Korbit Web3 Wallet, we aim to provide users with Web3 elements while expanding the usability of the centralized exchange. We will secure competitiveness by providing liquidity in the new market and contribute to the development of the domestic Web3 industry."
