XDEFI Rebrands to Ctrl, Launches New Non-Custodial Wallet to Make Web3 More Mainstream

Web3 wallet provider XDEFI has rebranded to Ctrl and launched a new non-custodial wallet to make user onboarding and the overall user experience better.

Web3 wallet provider XDEFI has rebranded to Ctrl (pronounced “Control”) and launched a new non-custodial wallet to improve user onboarding and the overall user experience. This move is part of a larger initiative to bring DeFi and blockchain to the mainstream.

XDEFI becomes Ctrl

XDEFI has unveiled its transformation into Ctrl with the launch of a new non-custodial wallet. According to Emile Dubié, CEO of XDEFI, self-custody is paramount in the crypto realm, and wallet providers must ensure it is accessible and secure. Dubié stated that Ctrl aims to enhance non-custodial wallets, enabling users to seamlessly navigate DeFi and Web3.

“I believe self-custody is a fundamental right,” said Dubié. “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.”

Web3 challenges

Ctrl aims to tackle the challenges of Web3 by integrating Web2 features, such as easier onboarding and a better user experience. One of the key features of the Ctrl wallet is the elimination of gas fees on all chains. This move will reduce barriers for new users and simplify the Web3 experience.

In addition to removing gas fees, Ctrl supports 1,800 networks and numerous blockchains, surpassing other Web3 wallets in terms of flexibility and access to diverse blockchain ecosystems.

Security and accessibility

Ctrl boasts improved security and accessibility by offering social login options (e.g., Google or social media), alleviating the need for users to manage complex seed phrases. This simplifies the authentication process while maintaining robust security standards. The wallet also streamlines the management of multiple wallets and eliminates the requirement for gas tokens, further enhancing the user experience.

This approach will broaden the appeal of Web3 among regular users and accelerate its adoption. By eliminating technical complexities, Ctrl aims to achieve the simplicity of Revolut.

Beta launch and roadmap

The Ctrl wallet will enter beta in August, inviting early adopters to experience it firsthand. Interested users can join the mobile beta waitlist at Ctrl.xyz. Existing XDEFI wallet users and new users who have installed XDEFI will witness their wallets automatically upgrading to Ctrl upon its launch. We will also integrate a 1:1 conversion of $XDEFI to $CTRL in the future, ensuring a seamless transition for token holders.

The beta stage is crucial for Ctrl as it enables the collection of feedback from early users, which will be used to refine the product before its full public launch. By involving users in the beta, we can align the final product with the needs and expectations of our user base.

Improving the wallet experience

Ctrl represents a new direction in the design of non-custodial wallets, aiming to provide users with a simpler tool to manage their digital assets and interact with DeFi and Web3 services across multiple chains. Its features are tailored to lower the barrier to entry for new Web3 users and expand the capabilities for existing users.

Non-custodial wallet designs have remained largely unchanged since their introduction in 2015. Ctrl aims to address this gap by offering a universal wallet solution to simplify interactions with blockchain technology.

XDEFI's past and future

Since 2021, XDEFI has evolved into a multi-chain wallet, supporting Ethereum (EVM), Cosmos chains, Solana, Bitcoin, TRON, THORChain, and more. The rebranding to Ctrl and the launch of the Ctrl wallet builds upon this foundation, integrating Web2 features to enhance Web3 accessibility for a broader audience.

Ctrl's extensive blockchain coverage and user-centric design embody the company's commitment to innovation and inclusivity in the crypto space. By addressing existing Web3 pain points and rendering it more user-friendly, Ctrl will serve as a key instrument in driving DeFi and blockchain adoption.

In conclusion

Penjenamaan semula XDEFI kepada Ctrl adalah sebahagian daripada strategi yang lebih besar untuk menjadikan Web3 lebih mudah diakses dan mesra pengguna. Dengan ciri baharunya dan sokongan blockchain yang luas, Ctrl bersedia untuk mentakrifkan semula pengalaman dompet bukan penjagaan dan membawa pengguna baharu ke dalam ekosistem Web3.

Dengan mengurangkan halangan untuk masuk dan meningkatkan pengalaman pengguna, Ctrl boleh membantu dalam penggunaan teknologi terdesentralisasi dan lebih ramai orang yang mengambil bahagian dalam pergerakan Web3.

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