Socios Launches Web3 Non-Custodial Wallet for Chiliz Chain

Socios, known for its fan engagement and rewards for top sports teams, has launched a new Web3 non-custodial wallet for Chiliz Chain. This wallet aims to offer Fan Token holders more control over their digital assets. This news was shared on official X account of Chiliz Chain.

Socios Launches Self-Custodial Wallet, Giving Fans More Control Over Tokens

Unlike the latest custodial wallet, where Socios had control over the assets of users, the new wallet is self-custodial. This means that users are now holding real tokens with more safety and control as compared to previous tokens.

The introduction of the wallet is only the first step. The Socios team has intentions to launch a dApp browser shortly. Through this browser, fans will be able to access other sports related dApps on the Chiliz Chain. It will also allow fans to discover many new services and platforms based on this blockchain, thus broadening their interaction with the sports industry.

Socios Brings Blockchain to Sports with New User-Friendly Web3 Wallet

In this regard, with the help of the Web3 wallet, Socios want to enhance the user experience to make it more secure. With this new feature, fans can control their Fan Tokens without needing a third party to store their stakes. This also means that users are now able to engage directly with the blockchain which is in agreement with the decentralized finance and technology.

The new Socios.com wallet is built to be as accessible as possible to those who are inexperienced with blockchain technology. By integrating convenient and easily understandable elements, Socios aims to extend the advantages of Web3 to fans of sports all over the world. With this upgrade, Socios has once again achieved an important milestone in its quest to bring blockchain into the new sports economy.