What Is Web3? Gate Wallet's Industry Positioning and Popular Features Explained
In recent years, the concept of Web3 has been gaining traction, with more and more users and developers immersing themselves in this new era of the internet. So, what is Web3? How is it different from the traditional internet? What role does Gate Wallet play in this industry? This article will take you deep into the positioning of Gate Wallet and its core product features.
What is Web3?
Web3, also known as the decentralized web, is the third phase of internet development. It differs from the read-only model of Web1 and the user-generated content model of Web2. Web3 emphasizes decentralization, user data sovereignty, and the widespread application of smart contracts and blockchain infrastructure.
Web3 allows users to be not only consumers of content but also true participants, owners, and contributors. In the Web3 world, identities, assets, and value can be recorded and transferred through on-chain protocols, and users no longer rely on centralized platforms to control their data and assets.
Gate Web3’s industry positioning
As a global leading digital asset platform, Gate has long laid out the Web3 ecosystem and launched an independent Gate Wallet platform. Gate Wallet serves not only ordinary users but also developers, protocols, and project parties, aiming to build a secure, open, and sustainable Web3 application environment.
The positioning of Gate Wallet can be summarized in three points:
- Entry-level product experience: Providing users with simple and intuitive on-chain operation tools to lower the usage threshold.
- Asset security and returns are equally important: user funds are protected through multiple safeguards and yield-generating products;
- Ecosystem Interaction Platform: Aggregating tasks, airdrops, NFTs, and DeFi applications to stimulate user engagement.
Gate Wallet core product features
Gate Wallet has a wide range of functionalities, covering popular Web3 scenarios such as on-chain wallets, DeFi earning opportunities, task squares, and more. Below are detailed introductions to a few representative features.
On-chain wallet: the first line of defense for asset security.
Gate Wallet provides a lightweight on-chain wallet service, allowing users to manage their crypto assets on multiple mainstream public chains including ETH, BNB, Polygon, Base, etc. Compared to centralized wallets, Gate wallet emphasize the self-custody of mnemonic phrases and private keys, achieving true asset autonomy.
In addition, the Gate wallet supports cross-chain asset management and one-click login for DApps, greatly enhancing user efficiency in utilizing multiple chain ecosystems. The built-in risk monitoring system can also identify suspicious contracts in real-time, ensuring transaction security.
DeFi Earn: One-stop Yield Aggregation Platform
Another core component of Web3 is decentralized finance. Gate Wallet integrates multiple high-quality DeFi protocols, providing users with low-threshold, transparent on-chain financial services.
Users can participate in LP market making, staking mining, stablecoin yield pools, and other methods to earn on-chain returns through the DeFi page of Gate Wallet. For example, users can deposit USDT into the stable pool on Base, with annualized returns of up to 8%. All yield distributions are executed based on on-chain contracts, with no human intervention, and the information is publicly transparent.
At the same time, Gate Wallet will recommend high-quality yield strategies based on market dynamics and provide risk level assessments, allowing users to pursue returns while also considering risk control.
BountyDrop: Task to Earn
BountyDrop is an on-chain interactive platform created by Gate Wallet for novice users. Here, users can earn rewards (usually tokens, NFTs, or points) by completing a series of Web3 tasks. The types of tasks include but are not limited to:
- Connect on-chain wallet
- Explore the features of a DApp
- Complete a transaction on a certain chain
- Follow or retweet the social media of Web3 projects.
BountyDrop aims to lower the barrier to learning Web3 through simple, easy-to-understand tasks and incentive mechanisms. To date, over 200 projects have launched tasks via Gate Web3, distributing millions of dollars in rewards and attracting a total of 5 million participants.
Summary: Gate Wallet is your preferred gateway to the Web3 world.
Web3 is in a rapid development phase, but there are still certain barriers to use for ordinary users. Gate Wallet bridges the last mile from “cognition” to “participation” through a series of product designs such as on-chain wallets, DeFi aggregation, and task incentives.
Whether you are a crypto novice or an experienced player, Gate Wallet can provide you with a secure, convenient, and profitable on-chain experience. If you are looking for a stable and reliable starting point for Web3, you might want to start exploring with Gate Wallet.
