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Opera has announced that it will be releasing the beta version of its new Crypto Browser Project. The crypto browser seeks to improve user experiences in decentralized applications (Dapps), games and the metaverse.
The project also seeks to offer direct access to Web 3. These services will be available to users on Windows, Mac and Android.
Opera launching a superior browser
Opera will retain the security features available on its current browser. These features include a no-login VPN and a native ad and tracker blocker. The newly integrated features will provide access to decentralized exchanges (DEXs), non-fungible tokens (NFTs) and gaming DApps. The browser will also offer support to Twitter and Telegram.
The EVP mobile at Opera, Jorgen Arnesen, commented on this initiative, saying, “Opera’s Crypto Browser Project promises a simpler, faster, more private Web3 experience for users. IT simplifies Web3 user experience that is often bewildering for mainstream users. Opera believes Web3 has to be easy to use for the decentralized web to reach its full potential.”
The browser will also have a non-custodial wallet that will support Ethereum. The support is expected to extend to other networks such as Celo, Nervos Network, Polygon and Solana in the future. Its integration on Polygon is expected to happen during Q1 2022. It will also be integrated into naming systems such as the Ethereum Name Service, Handshake and Unstoppable Domains.
The wallet will provide support to fungible ERTC-20 standards and non-fungible ERC-721 standards. Support for ERC-1155 will be added during this quarter. The browser will also allow users to buy cryptocurrencies using fiat and complete crypto-to-crypto swaps. It will also feature an in-built NFT gallery.
Opera noted that this project will be launched on a beta phase, but the platform would continue analyzing the user feedback to find ways to improve the platform’s functionality.
Divided opinions on Web 3
Web 3 proponents usually state that this will be the next version of the internet, allowing internet users to have more control over their online activity. Web 3 is expected to compete against major tech giants such as Facebook, Google, Twitter and Microsoft.
However, not everyone is buying into the hype. The CEO of Tesla, Elon Musk, has previously mocked Web 3 and those that support it. Additionally, the former CEO of Twitter, Jack Dorsey, posted a tweet saying that users will not have control of their content with Web 3; rather, it will be controlled by venture capitalists and liquidity providers.
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