Copyright © 2022 Accenture. All rights reserved. 64 05 Signed, sealed, delivered + isometric, render, aspect ratio 3:2, algorithm version 4 Digital identity, objects, and assets will increasingly be stored in a “wallet” online, built on the blockchain. Web3 wallets serve two major functions. The first is that wallets allow their owners to manage all owned digital assets, currencies, and tokens in one place. The second is that wallets are used for accessibility to other blockchain-based apps. People can authenticate themselves through their wallets, and it’s pseudonymous. 93 They’re easy to use—at least in theory—and becoming more accessible. They remain in complete control of their assets because nobody else has access to the tokens. From Twitch to Burger King, large companies are recognizing digital wallets as a payment option. 95,96 Metamask, one of the most popular wallet providers, currently has 21 million users, and usage multiplied by 38 since 2020. 97 Computer Weekly predicts that more than 60% of the world’s population will use digital wallets by 2026, with Southeast Asian countries expected to see the steepest growth. 98 The promise of Web3 (and what wallets enable) is the ability for people to take their data with them and share it with—or even sell it to—brands and companies they trust. 94