Veera is an innovative crypto platform that provides seamless buying, selling, and managing of digital assets. To get started, download the app, sign up with your email or mobile number, and follow the simple steps to verify your identity and fund your account
We are rolling out Veera WEB3 services in phases. A phased rollout allows us to ensure a seamless experience for our users. By launching incrementally, we can test each service, gather feedback, address any issues, and scale the infrastructure effectively. We’re excited to roll out Veera WEB3 for everyone, and you should soon see an option to open your wallet and explore these services.
When will each phase be introduced?
The rollout timeline depends on service readiness and user feedback. We will announce specific dates for each phase through official Veera channels, so stay tuned for updates.
Who can access Veera WEB3 services during the initial phases?
Initially, services will be available to select user groups, such as beta testers and specific customer segments. This controlled access ensures thorough testing and refinement before a broader release.
Web3, or Web 3.0, is the next generation of the internet that aims to decentralize control from large, centralized platforms to individual users through blockchain technology and decentralized networks. Unlike Web 2.0, which is dominated by big tech companies controlling data and services, Web3 focuses on empowering users with more control over their data, privacy, and digital assets.
Key features of Web3 include:
Decentralization: Instead of relying on centralized servers, Web3 applications (also called dApps) run on distributed networks, typically powered by blockchain technology.
Ownership: Users have direct ownership of their data, identity, and digital assets through cryptographic keys and wallets. This means they can interact with online platforms without intermediaries controlling their information.
Tokenization and Cryptocurrencies: Web3 integrates digital tokens and cryptocurrencies, enabling new forms of economic interaction and incentives, such as decentralized finance (DeFi), NFTs (Non-Fungible Tokens), and play-to-earn games.
Trust and Security: With blockchain, Web3 ensures transparency, security, and immutability of transactions, reducing the need for trusted third parties like banks or corporations.
In short, Web3 envisions an internet where users have more autonomy, privacy, and the ability to participate in decentralized, peer-to-peer interactions.
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security, making it difficult to counterfeit or double-spend. Unlike traditional currencies issued by governments (like the dollar or euro), cryptocurrencies operate on decentralized networks, typically using blockchain technology.
Key characteristics of cryptocurrency include:
Decentralization: Cryptocurrencies are not controlled by a central authority, such as a government or bank. Instead, they run on distributed networks of computers (nodes) that validate transactions and maintain the integrity of the system.
Blockchain Technology: Most cryptocurrencies rely on blockchain, a decentralized ledger that records all transactions across the network in a secure, transparent, and immutable way. This ensures trust without the need for intermediaries.
Peer-to-Peer Transactions: Cryptocurrencies allow users to transfer value directly to one another without the need for intermediaries like banks. Transactions are verified by network nodes through cryptography.
Anonymity: Many cryptocurrencies offer varying levels of anonymity, as users transact using digital wallets that don't necessarily reveal their identity. However, some cryptocurrencies are more privacy-focused than others.
Mining: Some cryptocurrencies, like Bitcoin, are created through a process called mining, where powerful computers solve complex mathematical problems to validate transactions and create new coins.
Variety of Uses: Cryptocurrencies can be used for a wide range of purposes, including payments, remittances, investments, and decentralized applications (dApps) such as smart contracts and decentralized finance (DeFi).
Veera is exclusively available in India at the moment. We will soon launch it in other countries.
Veera is a next-generation Web3 app designed to give you complete control over your digital assets with a self-custody wallet while you can still browse. With Veera, you can easily buy, send, receive, and swap cryptocurrencies, all while retaining full ownership of your funds. Our self-custody wallet ensures that only you hold the keys to your assets, providing enhanced security and privacy.
In addition to its robust wallet features, Veera also offers a DApp store, giving you access to a wide range of decentralized applications. DeFi services and beyond, the DApp store empowers you to explore and engage with the broader Web3 ecosystem directly from the Veera app.
Whether you're looking to manage your crypto or explore decentralized applications Veera makes it seamless, secure, and user-friendly, all within a single app.
To understand Web3, let’s first take a look at the history of the internet itself. We’ve gone through two major phases: Web1 and Web2. Now, we are on the cusp of Web3, which promises to revolutionize the way we interact online.
Web1: The Static Web (Read-Only Internet)
In the 1990s and early 2000s, Web1 was the first version of the internet. It was largely read-only, meaning users could view content on websites, but they couldn’t interact much with it. Think of it as reading a book online or visiting a billboard. Websites were basic, with text and maybe some images. There wasn’t much interactivity—no logging in, commenting, or sharing content. People were mainly consumers of information.
Key Features of Web1:
- Websites were static (unchanging once posted).
- There was little to no interaction between users.
- Users were primarily consumers of content.
Web2: The Social and Interactive Web (Read-Write Internet)
Around the mid-2000s, Web2 emerged, giving us the internet as most of us know it today. This phase of the internet is interactive, where users don’t just consume content but also create and share it. Social media platforms like Facebook, YouTube, and Twitter are prime examples of Web2. These platforms allowed users to post their thoughts, share videos, and connect with others.
However, Web2 also brought with it centralized control. Major companies like Google, Facebook, and Amazon dominate the space and own much of the data generated by users. If you use any of these platforms, they hold your personal data, decide how it’s used, and can even limit or remove your content.
Key Features of Web2:
- Users can interact with content, comment, share, and create their own content.
- Large companies control most of the data.
- Users have limited control over their personal data, which is often monetized by platforms.
Web3: The Decentralized Web (Read-Write-Own Internet)
Now, we’re moving toward Web3, the next phase of the internet. Web3 aims to address some of the problems that Web2 created, like centralized control and lack of data privacy. Web3 is built on blockchain technology, making it decentralized. This means there is no single company or entity controlling it, and users have more control over their data and digital assets.
You can think of Web3 as the internet where you own your data and digital life, not some big company. Instead of handing your personal information to a company that stores and controls it, Web3 allows users to interact on decentralized platforms where blockchain stores information. The blockchain is like a public ledger that anyone can see but no one can alter without proper permissions.
Key Features of Web3:
- Decentralization: No single company owns the network; it’s distributed across many nodes (computers).
- Ownership: Users own their data, and they can control who has access to it.
- Blockchain: All transactions and interactions are verified on a transparent ledger (blockchain), ensuring trust and security.
- Cryptocurrencies: Digital currencies like Bitcoin and Ethereum are native to Web3 and are used for transactions on the network.
- Smart Contracts: These are self-executing contracts on the blockchain that automatically enforce agreements, like selling a digital artwork.
An Analogy: Web3 as a Decentralized Village
Think of Web3 like a village where everyone owns their own house (data) and is responsible for keeping it safe. There’s no landlord or governing body that can suddenly take your house away or decide what you do with it. In this village, when you want to trade something (like a piece of art), you don’t need a middleman (like a bank or a marketplace) to approve it. Instead, you use a smart contract that automatically handles the trade in a transparent, secure way.
Unlike in Web2, where giant corporations are like landlords who control everything from rent prices to how you can decorate your house, Web3 puts control back in the hands of the people who live there—you.
What Can You Do in Web3?
Trade Cryptocurrencies: You can buy, sell, and store cryptocurrencies like Bitcoin or Ethereum using a Web3 wallet.
Explore DeFi: Participate in decentralized finance (DeFi) services like lending, borrowing, or earning interest without needing a bank.
Create and Trade NFTs: You can create digital art, music, or other digital assets and sell them as NFTs. You can also buy and collect NFTs, like rare digital art or game items.
Interact with DApps: Use decentralized apps (DApps) for social media, gaming, finance, and much more—all while retaining control over your data.
Participate in DAOs: Decentralized Autonomous Organizations (DAOs) are groups governed by smart contracts, where every member can have a say in decision-making, without centralized leadership.
A blockchain explorer is like a search engine for blockchain networks. It provides a detailed view of the entire transaction history, block information, and wallet balances within a blockchain.
What Can I Do with a Blockchain Explorer?
With a blockchain explorer, you can:
- Track Transactions: See details of a specific transaction, including status, fees, and confirmations.
- View Wallet Balances: Check the balance of a particular wallet address.
- Explore Blocks: View recently mined blocks and their data, including block height, timestamp, and the miner’s information.
- Check Network Stats: Some explorers provide additional metrics, such as network hash rate and the current difficulty level.
Why Would I Use a Blockchain Explorer?
Users, developers, and researchers use blockchain explorers to verify transactions, research historical data, or simply monitor the status and health of a blockchain network.
Are Blockchain Explorers Free to Use?
Yes, most blockchain explorers are free to use and offer basic information. Some may offer premium features for advanced analytics.
We are rolling out Veera WEB3 services in phases. A phased rollout allows us to ensure a seamless experience for our users. By launching incrementally, we can test each service, gather feedback, address any issues, and scale the infrastructure effectively. We’re excited to roll out Veera WEB3 for everyone, and you should soon see an option to open your wallet and explore these services.
In order to withdraw your cryptocurrency from the Veera wallet to any other wallet, please follow the steps as per below:
- Tap on " Web3 wallet" on the top right of the Veera app homepage
- Select the crypto that you would like to withdraw from the list provided
- Tap on " Send"
- Enter the receiving wallet address into the address field
- Enter your Passkey
The transaction will process immediately.
Important points to note:
1) Please make sure that the receiving wallet is on the same network as the token on the Veera wallet
2) For all Solana withdrawals, please ensure that you're leaving at least 0.005 Sol in your Veera wallet when withdrawing to cover wallet fees.
3) Veera wallet is a self-custody wallet and the Veera team does not have access to your wallet at any time.