Custodial Wallets in NFT / Web3 Gaming
Hey all, another article here for the new year. This time I’m going to go over custodial wallets and their use cases in NFT / web3 gaming. I’ll try to explain it from the users standpoint and the companies standpoint with a few pros and cons. What is a custodial wallet? A custodial wallet for crypto or web3 is a type of digital wallet that is controlled and managed by a third-party organization, rather than the user themselves. This third-party organization, often referred to as a custodian, is responsible for managing the private keys and access to the user’s crypto