Crypto wallets are in for a shake-up. Industry insiders reckon easier sign-in options could become the norm. The crypto world's got a problem. Web3 wallets are too complex for most folks. This is putting the brakes on mainstream adoption. Bumblefudge, the self-styled "janitor-in-chief" at Chain Agnostic Standards Alliance (CASA), didn't mince words. At the Web3 Summit 2024 in Berlin, he laid it out plain and simple. "Seed phrases are not going to work for the other 95% of the world," he said. "But, um, the solution to that is unfortunately boring, ugly standards, governance." It's a tough sell right now. Setting up a crypto wallet is a head-scratcher for many. You need native gas tokens and those pesky unrecoverable seed phrases. It's enough to make anyone's head spin. So, what's the fix? Web3 wallets need to up their game. They've got to be more user-friendly. And step one is ditching those complicated seed phrases. But here's the rub. It's not just about one company doing its own thing. The whole industry needs to get on the same page. Bumblefudge put it bluntly: "No one wants to write down how they're using it because they're all competing with each other. They all want the better parts, the implementation. So, nothing's going to be interoperable; nothing's going to be secure." Without teamwork, we're stuck. No fancy solutions like passkeys. No interoperability. It's a dead end. "We need to be going down to the user instead of up from what the chain wants and what the DeFi protocol wants," Bumblefudge added. "We need standards for user expectations." It's not just CASA banging this drum. Other big players are chiming in too. Take Coinbase. Chintan Turakhia, their senior director of engineering, is all about smoothing out the bumps. Speaking to Cointelegraph at EthCC, he didn't beat around the bush. "If our goal is to bring in the next billion users — and let's start with just 100 million — we have to take all those friction points out," Turakhia said. Coinbase isn't just talking the talk. They've launched a smart wallet that's more beginner-friendly. No more seed phrases. Just account names and passcodes. Simple stuff. Turakhia reckons this is the way forward. He's betting these easier sign-in options will become the go-to for crypto wallet providers. It's a bold move. But in this fast-paced crypto world, sometimes you've got to shake things up to move forward. Will it pay off? Only time will tell.

The Web3 ecosystem is bucking the trend. Despite crypto and economic doldrums, decentralized applications (DApps) are booming. AI-based DApps have taken the lead. They've captured 28% of daily activity in the sector. This shift is massive. It's reshaping the DApp landscape. DappRadar's latest report spills all the details. Blockchain gaming has lost its crown. For over a year, it dominated the DApp scene. Not anymore. Gaming's share has dropped to 26%. The "Other" category, mostly AI DApps, now rules the roost. DIN and Alaya AI are leading the charge. These platforms are pushing the boundaries of what's possible in Web3. Blockchain gaming isn't dead, though. It's still a big deal. These games offer something unique. Players actually own their in-game assets. Characters, items, and currencies are NFTs. Gamers can trade or sell them as they please. The DApp industry is on fire. Daily unique active wallets have hit a whopping 15.9 million. That's a 78% jump from June. People are flocking to DApps like never before. AI DApps are the new cool kids on the block. They're not just riding the AI hype train. These apps are bringing real innovation to Web3. From AI-powered financial tools to prediction markets, they're pushing the envelope. Some even have autonomous agents cruising around the blockchain. Social DApps are also having a moment. They now make up 20% of the industry. With 3.1 million daily active wallets, they're no small fry. These platforms are all about user privacy and data ownership. It's social media, but not as we know it. This surge in activity is telling. More people are getting hip to blockchain's potential. They're drawn to its promises of better security and transparency. The idea of cutting out middlemen is pretty appealing too. The Web3 world is changing fast. AI is leading the charge, gaming is adapting, and social platforms are rising. It's a wild time to be in this space. Who knows what'll happen next? One thing's for sure: the DApp revolution is just getting started.

Telegram, the messaging app, might be crypto's golden ticket. It's currently the world's third most downloaded messaging platform. And it could be the key to unlocking mainstream crypto adoption. That's according to Ruslan Fakhrutdinov, boss of X10 hybrid crypto exchange. He's pretty bullish on Telegram's potential. "Telegram is hot stuff in the crypto world right now," Fakhrutdinov told Cointelegraph. "With a billion users and cheap acquisition costs, it's a no-brainer for onboarding new crypto users." X10 has just gone live on mainnet. They're cooking up a Telegram-based Mini App for crypto trading. It's aimed at newbie retail investors. The app will mirror X10's markets. It'll use the same order book for trades. Justin Hyun, investment director at Ton Foundation, sees Telegram as a "Trojan horse" for mass blockchain adoption. He's not mincing words. Hyun reckons onboarding the next 500 million users needs simple apps with "actual usability". He's talking about blockchain-based Telegram Mini Apps. In an exclusive chat with Cointelegraph, Hyun stressed the importance of user-friendly interfaces. "Bringing 500 million people onchain by 2028 – our goal – needs use cases that hide the blockchain complexity," he said. Some Telegram Mini Apps will offer Web3 financial perks, Hyun added. It's a sweetener to attract users. The move could be a game-changer. Telegram's massive user base provides a ready-made audience for crypto services. Industry watchers are keeping tabs on this development. If successful, it could reshape the crypto landscape. The potential is enormous. But challenges remain. Regulatory hurdles and user education are key issues to address. Still, the buzz is real. Telegram's entry into the crypto space could be the shake-up the industry needs.

Trust Wallet, a major player in self-custody Web3 wallets, has inked a deal with The Open Network (TON). The partnership aims to boost blockchain adoption. It's a big move. The collaboration taps into Telegram's massive user base. Trust Wallet plans to focus on gaming finance (GameFi) and decentralized applications (DApps). It's a smart play. Trust Wallet's 100 million users will now be able to send and receive Toncoin (TON) tokens. That's according to a press release shared with Cointelegraph. It's a game-changer for TON. Nate Zou, Trust Wallet's head of product, spoke to Cointelegraph. He said the company plans to "provide more access to [the] Ton ecosystem" for users. Single chain and cross-chain swaps are on the cards. TON NFTs might also get support. The integration promises smoother interactions with TON's blockchain tech. TonKeeper wallet imports into Trust Wallet are coming "in the coming weeks". That's pretty soon. More features are in the pipeline. TON Connect and TON DApps integration is planned "in the coming months". Users are in for a treat. Zou called the partnership a "natural progression" for Trust Wallet. He said their values align with TON's "community-driven and user-friendly approach". It's a match made in Web3 heaven. Trust Wallet recently launched an open-source solution called Barz. It's an ERC-4337-compatible smart wallet. The aim? To help devs overcome wallet challenges and boost Web3 adoption. Luis Ocegueda, Trust Wallet's engineering head, praised open-source development. He said it allows developers to "do things that we may or may never had even an idea that can do". It's all about innovation. In other wallet news, Ledger unveiled a new touchscreen wallet. CEO Pascal Gauthier outlined three key aspects of wallet security. He claims their new wallet ticks "all three boxes". It's a bold statement in the competitive wallet market.

A major IT outage hit big banks last week. It was a mess. JPMorgan, Chase, Bank of America, and Wells Fargo all had issues. Shytoshi Kusama, the main brain behind meme coin Shiba Inu (SHIB), says we need a new solution. He's pushing for a web3-based operating system. Kusama posted on X about the outage. He didn't mince words. "As the world [limped toward] the weekend crippled by one simple update, it becomes glaringly obvious that a new worldwide operating system is needed," he said. He wants something decentralized. No central authority. Just web3 tech. The outage wasn't a small hiccup. It was linked to an update for Windows by CrowdStrike, a cybersecurity firm. Their software is used globally. Bank customers couldn't log in. They couldn't transfer money. Deposits were a problem too. Kusama says SHIB developers have been busy. During the bear market, they've been working on a system to handle these kinds of outages. "Luckily for innovators, and the world at large, during the bear market, our large decentralized community of builders and believers have been working on systems for just this occasion," he explained. He's confident about SHIB's role in the future. "As the inevitable toll of a global outage of critical infrastructure is tallied in a loss of funds and lives, we will lead the conversation of exactly why web3 is the future and the Shiba Inu ecosystem is the operating system of that future," Kusama stated. SHIB's price isn't doing too shabby. It's trading at $0.00001816, up a bit in the last day. The idea of a web3 OS is out there. But with recent tech fails, who knows? It might catch on.