# @0xDesigner: why the term "wallet" is holding web3 back

Source: https://x.com/0xDesigner/status/1658851890803744768
Kiwi News: https://news.kiwistand.com/stories/0xDesigner-why-the-term-wallet-is-holding-web3-back?index=0x681b969ff04f6cfe57720c1b32bb7696380db0d21a26b7c794b00dc3988f609ef171fb76
Submitted by pedrovilela.eth on 2025-05-07 UTC, 2 upvotes, 1 comment

Onboarding the next billion users with words.

How the term "wallet" is psychologically limiting web3's growth potential, and a case for abandoning it.

🧵👇

## Comments

**misha**: Yes, yes, this is a long standing issue. But the main reason is, not mentioned, is that ‘wallet’ is a misnomer. It is actually a ‘key’ to your address on the blockchain, and for example a Ledger or Metamask is in fact a ‘keychain’. So there you have your new name ;) 

What is also interesting, that for example an NFT is not ‘in’ your wallet, in fact it is your address that is written into the smartcontract as the owner address. 

Brings me to the next misnomer, ‘smartcontract’ … isn’t that actually just a program running on the world computer? Nothing legal like a contract. (… and the concept of code is law is also largely misunderstood.)

I guess if you go on you can find a lot more dubious words in crypto speak.