Bankless Times talked to COO of Bitget Wallet Alvin Kan about what makes crypto wallets unique and the pros and cons of AI in crypto trading.
Mr. Kan, what sets a crypto wallet apart from others in the market?
In the blockchain scene, nailing down what makes a crypto wallet stand out in the market is all about honing in on our core strengths and nailing what users really want. Take Bitget Wallet, for instance; our edge comes down to rocking the user experience game and making sure users are the first to clock in on the freshest assets and opportunities.
So, first things first, Bitget Wallet hooks you up with the most kickass ecosystem support out there. We're talking about over 100 major blockchains, a ton of EVM-compatible chains, and a boatload of crypto assets – all served up on a silver platter. It's like a one-stop shop where users can dive into the entire Web3 universe, managing assets, rocking token and NFT trades, and mingling with the DApp crowd – all under one wallet roof.
Now, let's talk shop about our star player – Swap. This bad boy not only covers a wide array of blockchains, brings together a bunch of DEX and cross-chain action, and offers more currencies than you can shake a stick at. We've spiced things up with gas-free trades and automatic slippage – straight-up industry innovation. And that's not all – we've cooked up some brainy market insights too. Real-time chain trends, all-encompassing rankings, and on-chain smart money data – the works. Recently, we dropped the omnichain Inscription feature, and pimped out LaunchPad and Fair LaunchPool, making it a breeze for users to jump into new projects and snag fresh assets. Oh, and we rolled out Task2Get, a Web3 exploration platform, letting users dive into the multi-chain vibe and score fat rewards.
As Web3 goes full speed ahead, with new projects and assets popping up left and right, users are itching to jump on these early opportunities – and that's where we step in.
On the security front, we've got our bases covered. A rock-solid security system, multiple checks and balances, and we're throwing in MPC wallets, AA wallets, and hardware wallet connections for good measure. Core codes for Swap, NFT market protocols – you name it, they've been audited. Plus, we've got a $300 million risk protection fund tag-teaming with Bitget.
Bitget's recently rebranded Bitget Wallet curates a selection of promising AI-themed tokens across the blockchain. How does it achieve this?
Let's break down our Swap feature – the heart and soul of our top-tier Web3 trading wallet. Swap's the deal-maker, backing transactions for over 40 on-chain currencies and pulling in liquidity from hundreds of go-to DEX and cross-chain bridges. But that's not all – we've amped it up with Smart Market Insights. Think full-chain trend analysis, multidimensional market rankings, and a track on the "smart money" moves. It's our way of serving users the freshest trading intel, making Swap a breeze for navigating, discovering new assets pronto, and snagging trading opportunities on the fly.
Now, peek into our market rankings, where we've just rolled out the AI Concept Coins list. It's your ticket to the trending and promising AI concept coins across the entire chain. Click into the AI list on the Bitget Wallet App, and voila – coin details, intros, candlestick data, liquidity pools, on-chain transaction stats – the whole shebang.
When it comes to cherry-picking hot coin listings, our team's got its finger on the pulse. We've set up an AI-powered info flow system that swiftly catches market vibes from every nook and cranny, including the buzz on social media. We break down and process this intel on the fly, staying sharp on new asset launches and trending topics.
For community feedback, it's a treasure trove for catching market trends. Sure, we start with research reports, but what rocks our boat is direct feedback from users and the market.
How does AI influence the crypto market? Does it have the potential to damage the crypto market in any way?
Let me quickly share my take on this. Take AI, for instance – it has the potential to be a game-changer in the cryptocurrency market. It can step up our trading game, boost security, and bring in predictive analytics, paving the way for more informed investment choices. Right now, our wallet is diving into smart market analytics features and exploring the integration of this cutting-edge tech.
Now, here's the flip side. AI comes with its set of risks, like the chance of market manipulation and a spike in volatility due to automated trading. This concern pops up because AI systems can pull off high-frequency trades at speeds that leave human traders in the dust. While this turbocharges trading efficiency, it could also stir up major market swings and potentially give unfair advantages in trading. Plus, putting all our eggs in the algorithm basket might blur market transparency and open the door to systemic vulnerabilities. That's why we're all about keeping a close eye on things, introducing careful oversight, and rolling out regulatory measures to dial down these risks.
Bitget Wallet's on-chain market data indicated a widespread increase in AI token values, influenced by OpenAI's video model, Sora. How do you explain this?
The AI sector is on a wild ride, thanks to OpenAI dropping the Sora bomb – a text-to-video marvel. Picture this: 60-second videos with intricate scenes, slick camera moves, and characters wearing their hearts on their sleeves. AI creativity just went turbo, and the market's eating it up.
But wait, there's more. Nvidia pulled off a shocker with their latest quarterly earnings report – a whopping $22.1 billion in revenue. Cue the AI concept coins rally. This trend's no joke, fueled by sky-high speculation in the AI realm. The sector rotation dance is crystal clear, highlighting the market's laser focus on AI applications. Bottom line? With tech breakthroughs, market demand, and speculative fever in the mix, the AI sector's gearing up for some serious growth.
Contributors
