Ctrl, the new identity of XDEFI, aims to simplify Web3 onboarding and enhance the user experience for millions. Learn more about this next-generation non-custodial wallet.
Web3 wallet XDEFI has rebranded to Ctrl, a new non-custodial wallet designed to streamline onboarding and improve user experience. Ctrl aims to facilitate millions of users in accessing web3 and starting their on-chain journey effortlessly.
XDEFI is now Ctrl (pronounced Control), introducing the next-generation Ctrl wallet. Currently, over 90% of crypto users are not on-chain. Ctrl aims to change this by enhancing the non-custodial wallet experience, enabling crypto enthusiasts to explore DeFi and web3 opportunities seamlessly.
XDEFI CEO Emile Dubié said: “I believe self-custody is a fundamental right, and as a wallet provider, our responsibility is to make it accessible and secure for everyone. People should be able to have full sovereignty over their financial assets without the hurdles associated with traditional crypto wallets.
“As of today, we are the wallet with the most chain coverage. We have spent more than a year building a user experience on top of this technical advantage to make our products as intuitive as apps like Revolut. Ctrl is set to be the premier tool for onboarding millions of new users, regardless of their knowledge about crypto.”
Ctrl incorporates web2 features to address web3 challenges. By removing the need to pay for gas on every chain, Ctrl ensures a smoother onboarding process and improved user experience. Supporting over 1,800 networks, it offers the broadest blockchain coverage of any web3 wallet.
Ctrl utilizes social login, eliminating the need for seed phrase storage and enabling secure authentication through Google or social media. This simplifies secure on-chain interactions and economic opportunities across thousands of blockchains. It also streamlines multiple wallet management and removes the necessity for gas tokens.
The Ctrl wallet beta will launch in August, offering early adopters a chance to experience its features. The public can join the waiting list for the mobile beta at Ctrl.xyz. Current XDEFI users will have their wallets automatically upgraded to Ctrl. Additionally, the $XDEFI token will be converted to $CTRL on a 1:1 basis in the future.
Since 2015, non-custodial wallet design has seen little evolution. Ctrl represents a significant advancement in web3 wallet usability. It will enable users to access DeFi and web3 services across multiple chains and manage their digital assets with ease. This development will pave the way for millions of new web3 users, providing a universal wallet for all on-chain activities.
About Ctrl
Ctrl (formerly XDEFI) is the first wallet to cover every blockchain on Ethereum (EVM), all Cosmos chains, Solana, Bitcoin, TRON, THORChain, and more. Since its launch in 2021, Ctrl has become a leading multi-chain wallet. The new Ctrl wallet builds on this success by integrating web2 features to make web3 accessible to everyone.
Learn more here.
