The Missing Link Between Web2 and Web3: Custody - a16z crypto

Wallet experience: For some, just holding crypto assets may be enough, but many will be drawn to all that web3 offers from various dApps to NFTs and more. A crypto wallet is the passport to web3 and making it clear how to set one up, become familiar with connecting to other services, dealing with transactions and more will be a key experience to ge... See more

Wallets and Profiles will serve an important role in the web3 interface. It’s likely that one of the existing wallets, or a new company like Crucible, will roll up multiple wallets and Profiles into one Decentralized Identifier that lets a user bring his or her activity, contributions, relationships, and inventory from across chains with them where... See more

Asset owners (or custodians) generate private keys, sign messages indicating asset transfer, and then broadcast those messages to the public so that the world can verify the scarce asset hasn’t been double spent. Each private key is tied to a public key. Where KYC/AML are necessary, public keys can be mapped to some off-chain identity system (e.g. ... See more