Avara Launches Family Wallet to Make Web3 and Crypto More Accessible

Both seasoned users and newcomers to the crypto scene will be able to transact and explore the web3 space using the Avara Family Wallet, the new non-custodial crypto wallet with built-in messaging. 

Avara, the parent company behind Aave Labs and Lens, has launched this new Ethereum wallet to ensure users remain in full control of their assets, private keys and sensitive data.

Family supports rich-media collectables, enabling users to view art, play videos, and listen to music – all within the app. Users can also access decentralised apps by using Family’s in-app browser to find and connect to web3-enabled sites, with built-in tab management, bookmarks, and more. Alternatively, users can also simply pair their wallet using a scanner to access dApps on a desktop.

In addition to the features users might expect, such as swaps and buying crypto powered by Stripe, Family also includes the Refuel Wallet function. This enables quick bridging of up to $50 in ETH from Ethereum mainnet to any L2s supported by Family.

“Our goal is to offer the best wallet to transact with and increase access to the world of web3, where the next big wave of compelling web applications will live,” said Avara Founder and CEO, Stani Kulechov. “Family unlocks a great experience and secure gateway to a host of new user benefits that come only with decentralised applications on blockchain.”

Family features

With Pocket, Family’s dedicated self-custody account service, users can set up a wallet using their email or phone and a passkey or password. Alternatively, users can use Family without Pocket by backing up their secret recovery phrase manually or with iCloud.

Users can also connect with others through Family’s messaging function, which lets users chat with friends. Messaging supports images, videos, audio, reactions, and sending crypto and collectables, opening up new possibilities for connection and interaction.

“Family is designed for everyone, with a focus on thoughtful, design-first details. Its simple interface and clear flow make it delightful and fun to use. Whether you’re new to crypto or an advanced user, Family offers a seamless experience that isn’t just understandable, but enjoyable,” said Benji Taylor, Avara chief product officer and founder of Family.

Beyond traditional crypto use

Optimised for speed and performance, Family provides advanced features for DeFi power users such as:

transaction simulations
protection via Flashbots
approval management
gas refueling
comprehensive backup management

Users can swap thousands of types of tokens, and transact on various Ethereum Layer 2 networks, including Optimism, Base, Arbitrum, and zkSync, with additional networks to come. Users can send and receive tokens and collectables with just a few taps. They will also have the flexibility to do so within Family’s in-app messaging.

Users can track the status of their transactions with real-time live updates, detailed information, notifications, and animations between states. They can continue using wallets they own, create new ones, or stay up-to-date with an unlimited number of wallets in view-only mode, receiving real-time notifications. Human-readable activity logs allow users to see and easily read all of their wallet histories in rich detail.

They also have organisational tools to rearrange tokens and collectables, star their favourite assets, or move unwanted items to the trash.

Avara places a special emphasis on security and has ensured the Family wallet has been thoroughly audited before release by top security firm Zellic. To protect assets, if in manual mode, user keys are encrypted and stored locally on the user’s device.

If using Pocket as a backup method, only the encrypted wallet is stored on the Pocket server, meaning only the user has access to their credentials and their wallet at all times. In addition, Family uses two-step authentication via biometrics for sensitive actions, such as signing transactions. Moreover, Family helps users understand their transactions before they are submitted with warnings and simulations about potentially harmful actions.

The post Avara Launches Family Wallet to Make Web3 and Crypto More Accessible appeared first on The Fintech Times.

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