It seems that Microsoft is working on a new Web3 wallet that will handle cryptocurrencies and NFTs. This wallet will be integrated into the Edge web browser. The wallet, development of which has just begun, will be non-custodial, which means that Microsoft will not have access to user passwords or recovery keys. Also, the wallet will be embedded within the browser instead of working as an extension. It has been said that users will be able to trade, transfer and acquire crypto assets using the wallet. Additionally, the wallet will connect with Coinbase and MoonPay to make it easier for customers to purchase cryptocurrencies and deposit them into their wallets.
Software documentarian Albacore was the one who released screenshots of the initial user interface for the Edge wallet. Albacore also said that Microsoft’s decision to integrate a cryptocurrency wallet into its default browser was problematic. An introduction page for the wallet is displayed on the user interface. This page invites users to try the new feature and provide feedback on their experience with it. It appears that the wallet will also support NFTs, allowing users to search for their first NFTs in a variety of markets before storing and organizing their collections within the wallet.
This move by Microsoft is one component of a broader attempt to improve the functionality of its Edge browser and catch up with industry rivals like Google Chrome and Apple Safari. Microsoft announced in February that it will integrate OpenAI’s ChatGPT, an AI-powered search engine and chat feature, into its Bing search engine and Edge browser. ChatGPT is a tool that allows users to have conversations based on search results. Microsoft is sending a signal that it is committed to being competitive and relevant in an environment that is becoming more cryptocurrency friendly with the launch of a Web3 wallet.