Blue Studios announced the launch of Wallio, a non-custodial family crypto wallet, on Thursday. The product is the result of the company's collaboration with Unstoppable Domains, a Web 3 domain provider.

Wallio is a free wallet app that allows families to buy, save, and receive their favorite coins and collectibles while keeping track of their assets on a simple dashboard.

Due to features that allow an administrator to set spending limits, savings objectives, and transaction approvals, Wallio is branded as a "family wallet." One of its applications could be used to keep track of a child's first Web3 experiences.

Wallio isn't the first family-friendly cryptocurrency wallet. EarlyBird Crypto, a crypto version of its original product that allows parents to deposit digital assets into their children's accounts, was released in January.

Families can use the shared wallet structure to act like a DAO (decentralized autonomous organization), voting on what to invest in next and keeping track of budgets and savings goals.

Blue Studios Co-Founder Kelley Cambry said, "We developed the Wallio app to make it safe, easy, and intuitive for anyone in the family to join the fun of crypto, NFTs, and Web3." 

Adding, "We're happy we found the right partner to achieve this goal. Unstoppable Domains makes it easy for Wallio users to log in and send crypto with the click of a button, without compromising any of their privacy or security."

In February 2020, Unstoppable launched its ".crypto" domain addresses as human-readable wallet addresses, making it easier to transfer funds without worrying about a lost letter or number.

Since its creation, the Ethereum-based domain names have been linked to a slew of wallets and services, including the Opera and Brave web browsers, Twitter, Blockchain.com wallets, and cryptocurrency exchanges.

Pavan A

CBW - External Analyst

INDIA