Thread by @bigbagz30k

I think at large people are missing the significance of a #web3 #wallet beyond just #hodling your favourite #Crypto #Cryptocurency token.

Maybe the same way they effortlessly think about using the #chrome browser.

They are both portals for the #WWW and #Web3 respectively

There are new functionalities being added to #web3 wallets to exist as wallets to hold your #credentials for zero knowledge #authentication.

This wallet market is going to be worth a whopper of a predicted $7 trillion market by 2027 alone.

One of the most significant comments on this movement is from the creation of the open source Open Wallet Foundation via Linux, which has been noted as potentially more significant than #Linux itself!!!!!

#owf

With members such as #ToIP and #Avast (#Gen)

There is an entire new world to unlock via Decentralised Identifiers (#did) with Verifiable Credentials (#vc)

They will open up entire new industries, and transform current ones.

#health
#mobility
#identity
#supplychain

Etc etc.

For me I follow the work of @cheqd_io and their amazing team working tirelessly to build next gen solutions for identity #OWNERSHIP. $cheq

When the smart people talk, I listen.

The team chair positions in #ToIP and the #DIF.

Do your own research, don't miss out on a revolution

#web3 wallets are the user interface and portal into the new digitalisation transformation world coming at a rapid pace.

And don't just think #crypto

This will be a revolution for #enterprise #security

#passwordless.

Verify, and #trust.

$Cheq #SSI #DID #VC #ToIP #DIF

https://twitter.com/drummondreed/status/1569993269538443265?t=78NIL5cJDeErdVsZLaACCg&s=19