Solvo pivots from crypto investment app to Web3 gaming wallet
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London-based custodial crypto investment app Solvo announced that it is pivoting to Qubit, a new venture aimed at making Web3 more accessible to gamers.
Qubit’s first product, the Qubit wallet, is a smart contract wallet designed for gamers to seamlessly play Web3 games, hold self-custody of their digital assets, and make in-game purchases. Qubit’s founders believe that the Qubit wallet is the missing piece to bring new gamers and game studios into Web3.
The gamer-friendly wallet comes with gaming and security-oriented features, including an onboarding process, an “intuitive user interface,” and the ability to sign up and recover your account with phone or email. It offers a social login, account recovery, and easy self-custody to help web3 games onboard users. Users can request an invite here.
The company’s founders, Ayelen Denovitzer and Shailendra Sason, both former executives at Revolut, founded Solvo to address the lack of a user-friendly, trustworthy investment platform.
They recognized that new entrants to Web3 and “OG” crypto gamers have to face complicated technical requirements, risk losing their seed phrases/passwords, and a difficult onboarding process to new platforms. And now the founders are evolving Solvo’s technology to solve these issues by creating the Qubit wallet.
With the Qubit wallet, gamers will be able to focus on playing their favorite games while still having the highest security and control over their assets, Denovitzer said. The wallet will come with gaming and security-oriented features, including a multi-sig onboarding process.
When users are looking at their wallets, they will
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