Aurox Documentation
  • Aurox Ecosystem
    • What is The Aurox Ecosystem
    • Aurox Ecosystem
      • The Aurox Terminal
        • The Problem
        • The Solution: One Interface for Everything
        • How The Aurox Terminal Works
          • Dashboard
          • Workspaces
            • Default Mode
            • Pro Mode
          • Creating Orders
          • Screener
          • Indicators
          • Wallet and Account Management
          • Two-Factor Authentication
          • Community
          • Rewards
        • Terminal Token Utility
        • Terminal Roadmap
      • Aurox Wallet
        • Background
          • Multichain: Today and tomorrow
          • New use cases: DeFi, NFTs, DAOs, what’s next?
        • Problems with existing wallets
        • The Aurox Wallet
          • Security first
            • Smart contract whitelisting
            • Transaction simulation
            • Phishing prevention
            • Smart contract detection
          • Simplicity and ease of use for advanced traders
        • Wallet Rewards
          • Program Terms
        • Wallet Token Utility
        • Wallet Roadmap
        • Referral System
      • The Aurox Protocol
        • Aurox Trade
          • Gasless Swaps
            • Aurox Sponsor Fund Pool
        • Protocol Token Utility
    • The Aurox Token
      • Launch Distribution
      • Contract Migration
      • Token Utility
      • Security and Audit
    • The Timeline
  • Aurox Terminal Guides
    • General Functions
    • Indicator Guides
      • Aurox Indicator
        • How The Aurox Indicator Functions - Part 1
        • How The Aurox Indicator Functions - Part 2
        • Bounces Strategy
      • Cypher Indicators
      • Aurox A.I. Indicator
        • Tony's 15 Minute A.I. Strategy
  • Aurox Wallet Guides
    • Video Tutorials
    • Gas settings
  • Aurox Token Guides
    • Token Staking Information
    • Liquidity Mining Information
  • Extras
    • Resources & Help
    • Privacy Policy
    • Terms of Service
    • Community Deployed Token Portal
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  1. Aurox Ecosystem
  2. Aurox Ecosystem
  3. Aurox Wallet
  4. Background

New use cases: DeFi, NFTs, DAOs, what’s next?

Gone are the days when sending and receiving coins was the sole use case for a crypto wallet.

Today, Ethereum and other networks enable an ever-expanding range of use cases.

Below is an incomplete list of segments of Web3.

  • DeFi: Decentralized finance, which includes trading, borrowing & lending, derivatives, and more.

  • NFTs: Nonfungible tokens can represent anything from digital art to property titles.

  • DAOs: Decentralized autonomous organizations enable on-chain digital collaboration for any endeavor, from an informal club to a corporation and even a digital country.

  • GameFi: A combination of gaming and finance creates new models at the crosssection of work and entertainment such as play-to-earn.

  • DeSo: Decentralized social media offers an alternative to digital media monopolies of Web 2.0 tech giants.

New use cases and narratives are being continuously invented. Experimentation within each of the existing applications and a mashup of several existing concepts can unlock unlimited opportunities for creativity.

However, legacy wallets were not built for this diverse and complex environment and it shows.

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Last updated 2 years ago