The Linux Foundation plans to establish the OpenWallet Foundation to create an open-source engine for digital wallets

According to ChainCatcher news and reported by Techcrunch, the Linux Foundation plans to establish the OpenWallet Foundation to create an open-source engine for digital wallets, aiming to launch open-source, interoperable cross-digital wallets.

It is reported that the OWF does not intend to develop digital wallets itself or create any new standards, but rather to promote the development of a "secure, multipurpose open-source engine" that anyone can use to build digital wallets that work seamlessly with other wallets, including in the cryptocurrency and metaverse fields. (Techcrunch)