​A solution to Web3's onboarding problem may be in the works...

Sure, prices have dropped in 2022 - but progress has only gained momentum (and there's new data to prove it).

According to Decrypt, 2022 has already seen 3x as many NFT trademark applications filed in the U.S. than there was in all of 2021.

Visa, PayPal, and Western Union all filed new, Web3 related, trademark applications in the past week.

The most exciting of the three filings being Visa's, which appears to be for a crypto wallet, reading as:

"Software for users to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange digital currency, virtual currency, cryptocurrency, digital and blockchain assets, and non-fungible tokens (NFTs)."

Even if you already have a crypto wallet - this is something to get excited about!

Wallets are the first port of entry for anyone onboarding into Web3 - and right now, the experience is confusing as hell.

Telling your parents to: "note down the 12 word seed phrase, and make sure to use a layer 2 scaling solution to avoid high gas fees"?

That's an offensively complex sentence.

One that would sooner inspire affinity with the existing banking system, than it would the world of Web3.

(Chevy's dad thought he was making fun of him and went as far as un-inviting him to Christmas dinner).

If we want to see the mass adoption of Web3 (...and our families over the holidays) we're going to first need a consumer friendly wallet, that can be set up and navigated with basic logic.

No google searches, no phoning a friend, no sending your crypto from your wallet to an exchange in order to cash out.

Just one frictionless wallet, that does it all.

Visa might not be the ones to do it, but a consumer company of their size taking on the challenge? That's a big step in the right direction!

Very exciting.

(And dad, if you're reading this - those words weren't made up, honest).