Loopring announced the launch of their new smart wallet, a completely self-custodial wallet that interacts with their layer 2 network using native zkRollup technology to reduce speeds and gas fees for users. 

Notably, the wallet has been designed with modularity in mind to keep it future-proof, allowing developers to create smart contracts that can be plugged into the wallet for adaptability as web3 continues to grow and evolve. 

For the time being, the new Loopring wallet is available on Android OS and gives users the ability to complete certain beginner tasks to earn rewards including a unique NFT for getting started. Release on iOS is said to be coming soon.