Burritowallet

Burrito Wallet is a multi-chain Web 3.0 wallet developed by Rotonda, a company that originated as a subsidiary of the major South Korean cryptocurrency exchange, Bithumb. Established in 2021 and headquartered in Seoul, South Korea, the company launched the Burrito Wallet service in December 2022. The firm's name, Rotonda, is inspired by the concept of a roundabout, symbolizing the algorithmic, decentralized consensus that underpins blockchain technology.

The wallet functions as a comprehensive platform for managing digital assets, designed to connect users from centralized crypto exchanges to the broader world of decentralized applications (DApps), NFT marketplaces, and decentralized finance (DeFi). Burrito Wallet's business model focuses on providing a user-friendly gateway to the Web3 ecosystem, simplifying processes that can be complex for newcomers. It serves both crypto novices and experienced traders, with a particular focus on bridging the gap for overseas users wanting to access the Korean crypto market. Revenue streams likely include fees from integrated services like token swaps and partnerships with blockchain projects seeking to engage the Korean market.

The product is a mobile-based application that supports an extensive range of cryptocurrencies and mainnets, currently boasting compatibility with over 3,500 tokens across more than 37 mainnets. Key features include seamless asset transfers, real-time transaction monitoring, and integrated token swapping that aggregates liquidity from various pools to find optimal rates. The wallet also provides services for NFT management, allowing users to store, transfer, and display their collections. A distinctive feature is its community and social functions, such as chat-based P2P crypto transfers, which reduces the risk of sending assets to incorrect addresses. The platform also offers staking services, initially in collaboration with Casper Labs, allowing users to earn rewards on their holdings. In March 2024, Burrito Wallet launched an open beta for its V2, introducing a points system and a community space to further enhance user engagement.

Keywords: crypto wallet, Web3 wallet, Rotonda, Bithumb subsidiary, multi-chain wallet, decentralized finance, DeFi, NFT marketplace, DApps, crypto asset management, token swap, crypto staking, Korean crypto market, digital asset wallet, peer-to-peer crypto transfer, blockchain services, Casper Labs partnership, Seoul startup, crypto for beginners, NFT storage