Opera Limited OPRA, the company behind the namesake internet browser, has launched the beta version of its new “Crypto Browser Project” with built-in, Web 3.0-focused features.
What Happened: Opera said it is providing a dedicated Web 3.0 browser designed to work with decentralized apps (dApps) and also provide deeper functionality than a traditional browser that has a basic web wallet add-on.
The browser has a built-in non-custodial cryptocurrency wallet that would enable a user to access his cryptocurrency holdings or sign into dApps directly from the browser, without installing extensions.
The Opera wallet is exclusively compatible with Ethereum ETH/USD in beta, but compatibility with Polygon and Solana will be extended in the near future. It will be released as open source soon, as per the company.
See Also: How To Buy Ethereum (ETH)
Why It Matters: Opera originally launched the first web browser with an integrated cryptocurrency wallet and basic Web 3.0 support in 2018, but the latest announcement marks the launch of a dedicated Web 3.0 browser.
Web 3.0 is supposed to be a decentralized version of the internet that would challenge the dominance of tech giants such as Microsoft Corp. MSFT, Alphabet Inc.’s Google GOOG GOOGL and Amazon.com Inc. AMZN.
Nevertheless, Tesla Inc. TSLA CEO Elon Musk and Twitter Inc. TWTR co-founder Jack Dorsey — big supporters of Dogecoin and Bitcoin respectively — have criticized Web 3.0 technologies.
Price Action: Opera shares closed more than 14% lower in Tuesday’s trading at $5.75.
Ethereum is down 2.2% during the past 24 hours, trading at $3,077.43 at press time.
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