Trading platform Robinhood is launching a new NFT wallet, in the company's latest move to include non-crypto areas in the ecosystem.

According to a new press release, Robinhood has started developing a multi-chain Web 3.0 wallet that will give investors access to decentralized protocols as well as having full control over their digital assets.

Using this wallet, investors will also be able to trade crypto assets with no network fees, connect to NFT markets and generate income from these assets by storing their own NFTs.


Robinhood CEO and co-founder Vlad Tenev said in a recent interview with CNBC that this new wallet continues to work on expanding its reach to decentralized exchange platforms and finding new ways to transfer digital assets to their owners.

   "Our focus is on our customers' access to web 3.0 and their ability to move freely going forward without the oversight of any company."

Customers can now sign up for the waiting list to get early access to the beta wallet, which will be released in mid-2022. According to the press release, the full product is scheduled to launch by the end of the year.

Coinbase, the largest crypto exchange in the US, recently announced that they have created a new Ethereum-based DApp wallet for crypto offerings, accessible from the Coinbase app.

While Robinhood and Coinbase seem to have taken similar steps, the stock values ​​of 2 companies still continue to be at the bottom.