Daily Markup #835: Grab launches Web3 wallet in Singapore, complete with NFT vouchers for rewards and payments

Photo credit: Grab

Pocketful of vouchers

  • Here’s something we never thought we’d be doing with NFTs – earning rewards and using it to pay at Eu Yan Sang traditional herbal store!
  • 500-backed superapp Grab launched its Web3 wallet in Singapore, hosted on the Polygon blockchain network. For now, the wallet supports two types of digital assets — digital vouchers, as well as collectibles from the SG Pitstop Pack, which can be purchased through smart payment app Fave.
  • The SG Pitstop Pack is an industry campaign with Grab, UOB and StraitsX, to test the feasibility of Purpose-Bound Money for programmable rewards as part of the Monetary Authority of Singapore (MAS)’s Project Orchid.
  • Inside the pack are NFT vouchers which users can use at Irvins, Mint Museum of Toys, Mount Faber Leisure Group, Jumbo Seafood, LAC, Eu Yan Sang, KOI, The Grande Whiskey Museum, DUCKTours, City Tour Bus, Andaz Singapore, Spinelli and myEureka. 
  • Grab is looking to expand the Web3 Wallet’s range of supported assets and Web3 experiences in the near future.
  • Read the full feature here.


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