[NEW] Research: https://t.co/cZhlfmaPNp
From the competitive landscape of #TrustWallet & #MetaMask to the evolving regulatory frameworks, our latest research offers a 360 degree view of the Web3 Gate.
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Who will create the Super App to reshape the economy?
Web3 Smart Wallet and Account Abstraction: the path to 1 billion users
The world of cryptocurrencies is buzzing with potential, and the race is on!
The current ceiling for Monthly Active Users (MAU) of crypto exchanges stands at 35 million, while Web3 wallets are not far behind with a cap of 20 million users.
The real question is: who among the major players - #TrustWallet, #CoinbaseWallet, #MetaMask, or #Worldcoin - will revolutionize the game by introducing a super user-friendly Smart Wallet functionality?
Right now, these platforms are attracting between 500,000 to 2 million users per month. However, a significant portion of these newcomers fade away without even making a single transaction. Why? Because the current system is riddled with outdated practices:
- Seed phrases? They're as old as the hills.
- Taking more than 8 seconds to create a wallet? That's ancient history.
- Paying for gas only in native tokens? So last year.
- No first free transaction? That's a thing of the past.
- Built-in browsers? They're going the way of the dinosaurs.
Sure, you can dress up the user experience (UX) all you want, but Web3 won't truly scale until the underlying mechanisms are user-friendly. And let's face it, Web3 will continue to be a hotbed for social effect scams until its structure becomes as simple and understandable as an atom.
Enter the Smart Wallet, a solution already hinted at by none other than @VitalikButerin. This innovation could simplify even the most basic transactions, like paying for your morning coffee at a cafe.
The real race in Web3 is about who among the flagship products will be the fastest to implement account abstraction (AA). The moment one of these big players solves the issues of gas payments and login, the Web3 economy will be set to scale like never before.
Imagine a wallet breaking through the 100 million MAU barrier, with a high proportion of Web3 interactions. That's the future we're looking at. And whoever controls the gateway (the Wallets) will control the entire economy. They could even create their own token OVER the blockchain native through an easy promotion program.
Whether it's our beloved #TWT, the future #MASK, the unexpected #BASE token, or #WLD, time is of the essence. The next 1 to 6 months will be crucial in the wallet race and the next round of Wallet adoption.
P.S. Keep an eye out for @X, who is gearing up to seize a 90% of the Web3 market. As the clock ticks, the crypto world holds its breath. The future is not just promising, it's transformative!
Art by: @ArtiPainter
Our first deep dive is focused on THE Crypto Wallet Market and the industry leader, @TrustWallet
Why #TWT has already won and how it presents unique smart money opportunities.
Full report: https://t.co/iWefH7rdsR
Crazy things that no one notices.
In memory of #MetaMask
🦑Giant Squid NFTs are back!!🎉
Mint a zkBAB (zk Binance Account Bound token) on @BNBCHAIN, and claim a NEW Giant Squid NFT🆓🥳
First round of the Giant Squid campaign was a smashing success, and we're even more excited for Round 2! 🔥
Mint Page👇
https://t.co/O5uh4swKMK
⏳[1/4]
🤖🚀 $25,000 #OPTIMUS AIRDROP! 🚀🤖
In celebration of Petabyte, co-founder of $FLOKI joining the $OPTI team.
Open to everyone. Enter by doing the Follows/Likes in the Link in the comments of this post!
$10 airdrop per person!
Link and instructions below 🤖
Baby Alpha is here! We are proud to announce that today we hit our Baby Alpha milestone and have begun the march to Fair Onboarding Alpha and Full Launch Alpha.
https://t.co/8PBC9sRNPS
What we've accomplished and what's ahead 🧵 (1/6)
We’re excited to share, we have:
1) Raised $200M and now have a total of $458M in mission-driven funding
2) Decided to go FULL OPEN SOURCE at our next milestone
3) Reserved ⅔ of a potential future token for the ecosystem
4) Formed a partnership with @OpenZeppelin
👇1/8
Excitement is in the air as we gear up for the launch of our highly anticipated Thunder: Beta! ⚡️
Join us on 13.02.2023 as we take a major step towards revolutionizing a sustainable #blockchain. 🌱
#TestnetLaunch#InnovativeTechnology#TestnetThunder
Invite you to join AlienSwap Waitlist, and claim Genesis SBT airdrop. AlienSwap is NFT 1inch backed by OKX Ventures. https://t.co/S22x3OtoY4 #NFTdrop#NFT via @AlienSwap_NFT