Samsung’s Blockchain Keystore Now Offering 17 DApps
- Since its introduction in March, the number of dApps on Samsung’s Blockchain Keystore has increased from four to seventeen.
- Even though Samsung was the first to create its own wallet, its competitors LG and Apple have hinted their intentions to follow suit.
HS Kim, President and CEO of Consumer Electronics Division at Samsung Electronics, unveiled Samsung’s vision for Connected Living at the company’s CES Press Conference in Las Vegas on Monday, Jan. 7, 2019. Samsung showcased its leadership in AI, IoT, and 5G technologies, and highlighted these as the foundation for next-level consumer experiences across the company’s product portfolio. Samsung Newsroom
South Korea’s tech giant Samsung is now offering more than a dozen new apps in its Blockchain Keystore dApp store, CoinDesk Korea reported on 5 August.
The Blockchain Keystore was introduced during this year’s Mobile World Congress in Barcelona and initially hosted four applications: a password wallet, a game, a social media app and a billing app. Since March the number of available applications has increased to a total of seventeen, including a variety of products in the field of social media, crypto wallets, health, fintech, lifestyle, games, and entertainment. Samsung said in the report:
“Although other companies have not done so yet, we have already made a blockchain wallet and released it.”
The tech giant is spearheading the way for blockchain adoption, as it was the first mobile manufacturer to develop its own wallet, though the software only allows the storage of Ethereum-based ERC-20 tokens. One of Samsung’s competitors, Apple, has also recently released a “CryptoKit” for its iOS 13, which could indicate that the company is not far off from releasing a wallet of its own.
Previously, the lack of useful dApps was one of the reasons for the low number of users of the Samsung wallet, with it only having around 30 reviews in the Galaxy Store. In comparison the crypto wallet of the Google Play Store has over 60,000 reviews, and around 5 million downloads.
Last month LG Corporation also applied for the “ThinQ Wallet” trademark with the U.S. Patent and Trademark Office (USPTO). According to the filing documents, the wallet will provide settlement, brokerage and transaction services, and also includes use cases for blockchain, cryptocurrency, and the “issuance of cyber money”.
- MetaMask Bridges was designed to aggregate multiple blockchain bridges in one place, making it easier and more secure for users to transfer their assets from one network to another.
- The new feature currently supports the Ethereum, Avalanche, BNB Chain, and Polygon blockchains, as well as the Connext, Hop, Celer cBridge, and Polygon Bridge.
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- Neon Labs’ Ethereum Virtual Machine (EVM) solution will be launched on 12 December, giving Ethereum-based dapps access to Solana’s scalability and liquidity.
- Neon EVM adopts the developer tools and compute layer present on Ethereum, making it easier for developers looking to expand to Solana.
- Partnering with Chainlink will allow Galaxy Digital to distribute its crypto pricing data to various blockchains, and help developers build better applications.
- The company noted that its high-quality pricing data will play a valuable role in “unlocking exciting new use cases and driving innovation across the DeFi ecosystem.