SimFly creates a free Web3 wallet for each user, which has several key features:
- Ease for Beginners: It eliminates the need for less experienced users to learn complex wallets like MetaMask or WebConnect, making the experience more accessible
- Access Without a Personal Wallet: Users can activate assets and accumulate PAX even without their own Web3 wallet, using the wallet provided by SimFly
- Buyer Protection: The SimFly wallet acts as an escrow, ensuring security in asset sale transactions
- Usage Flexibility: Although the SimFly wallet is a fixed and non-removable element, users have the freedom to choose whether to use it or not, opting to keep their assets in a personal wallet
In summary, the SimFly wallet allows everyone to manage NFTs and ERC20 tokens, regardless of having a personal Web3 wallet.
Important Note: If a user deletes their profile, assets in the SimFly wallet and those not activated or claimed are lost and revert to SimFly’s control. However, assets in a personal Web3 wallet remain the user’s property and continue to generate PAX even after the account is deleted.