Robinhood to Go Web3 with NFT Enabled Non-Custodial Wallet

Robinhood is a leading online brokerage and trading app. Robinhood recently announced that they will be partnering with Enjin to create an NFT enabled non-custodial wallet for their customers, opening the door for new types of digital assets on the platform. Experts are bullish on this move as it furthers blockchain adoption in mainstream markets.

The “robinhood crypto wallet” is an application that allows users to trade cryptocurrency. It uses the Web3 interface, which makes it a non-custodial wallet. The app has been updated with NFT enabled features.

Robinhood, a contentious stock trading site, has revealed plans for its own Web3-enabled non-custodial wallet, which would allow users to trade NFTs and interact with a wide variety of decentralized apps.

Robinhood created a reputation for itself by simplifying stock trading for newbies. Now, as it prepares to introduce its own Web3 wallet, it will apply its distinctive methodology to NFTs and DeFi.

The company plans to debut the beta version this summer, with a limited number of people initially. During this time, it will fine-tune its product before releasing it to the general public. According to sources, the new platform would sit alongside DeFi’s newly launched crypto wallet, providing a clear boundary between trading and the company’s broader offerings.

With no network costs, you may trade and exchange crypto. From us, a web3 wallet. https://t.co/qonXj80BEB pic.twitter.com/qLjByPA4ty Get early access: https://t.co/qonXj80BEB

May 17, 2022 — Robinhood (@RobinhoodApp)

Customers will be able to access both NFTs and DeFi via this new entry into the Web3 ecosystem, giving them access to all major NFT markets as well as a broad selection of staking and lending dapps. According to the article, Robinhood intends to streamline the process by using a technology that costs no network fees while keeping its ‘commission-free’ status.

Many people were outraged when Robinhood seemed to support hedge funds during the notorious WallStreetBets trading battle. However, only time will tell how they will behave on this new playing field.

 

Robinhood is a stock trading app that has recently been released with the ability to trade cryptocurrencies. The company has also announced the launch of its “Robinhood to Go” web3 wallet. However, Robinhood is not a non-custodial wallet and instead uses their own private keys. Reference: why robinhood is bad.

Related Tags

  • robinhood nft wallet
  • nft crypto stock
  • how to invest in nfts
  • selling bitcoin on robinhood

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