Bitso, a prominent digital asset platform in Latin America, has unveiled its Bitso Web3 Wallet, slated for release on May 13.

The cutting-edge wallet is designed to streamline interactions with Web3 applications and manage various digital assets, including NFTs, initially supporting five major networks.

CEO Daniel Vogel emphasises the wallet's role in democratising access to blockchain opportunities, enabling users to hold, exchange tokens, engage with decentralised applications (dApps), and contribute to a decentralised web.

Bitso's introduction of the Web3 Wallet is aligned with its vision for a blockchain-powered digital ecosystem, reflecting projections of substantial market growth, with the global Web3 market expected to reach $6.63 billion by 2024 and expand to $177.58 billion by 2033.

With a user base of over 8 million individuals and 1,700 institutional clients across 35 countries, Bitso's Web3 Wallet launch signifies a significant advancement in blockchain adoption across Latin America.