Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: Aaron
Amount Asked: $80,752
Status: Rejected

Infinity Wallet – Interchain wallet

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Infinity Wallet is a decentralized all-in-one non-custodial wallet ecosystem and web3 browser, that provides a one-stop solution for all a user’s decentralized needs (“a Wallet and Web3 browser Super App”). We are not a browser extension, but a standalone application, enabling seamless onboarding and easy access and use of crypto, cross-border payments, DeFi, NFTs and Web3, all within a single unique platform on desktop since our launch in 2020, supporting around 4,200,000 created wallets and 48,000 MAU (with mobile version to launch in summer this year with already 112,000 users subscribed for its launch that aims to redefine the entire mobile experience, a sneak peak can be found here https://i.imgur.com/C330Hn2.jpeg).

Additionally, users can also benefit from easy access to Web3 and DApps, via our unique Web3 browser and DApp store. Which is basically a browser built with enhanced Web3 capability, including an in-built app store to discover decentralized applications, providing a far superior, safer and more natural user experience, with a range of unique advantages for users, DApps, and chains alike, enabling easier usage and adoption of Web3. What this does is remove the need to use basic and unfriendly browser extensions with limited UX and features to access Web3, which would otherwise be required in today’s Web3 ecosystem. Which generally browser extension wallets are built more for the current user base of mostly tech-savvy developers, rather than built for mass adoption by less tech-savvy users.

Through the Infinity Wallet we are opening up ease of access to the decentralized world for both less tech-savvy users and existing users in the space. Removing some of the barriers that exist today, to provide a more enhanced and curated in-wallet user experience, with a flawless user interface as a one-stop hub and multiple wallet solutions (actively working on account abstraction with one-click social wallets for easier mass adoption by less tech-savvy users). Our goal is to make it as easy as possible for everyone to onboard into the decentralized space and Web3, as it is with the Web2 space today.

Our first step to solve some of the barriers was to develop the first of its kind all-in-one unique one-stop wallet solution solving many UX issues and providing a high quality platform. Now our next step is to make it more simpler to onboard with account abstraction removing the need for a seed phrase and enabling users to one-click create or recover a decentralized wallet via email or social login, after which our next step will be to remove the overhead of needing the chains token to pay fees and enabling users to pay the fees in the token they are sending, which overall will reduce multiple barriers that heavily limit the space today and allow for easy adoption by the average user.

A further introduction can also be found in our information deck https://infinitywallet.io/docs/Infinity%20Wallet%20Deck.pdf 

Team: Aaron
Current Status: Rejected
Funding Program: Regular Grants
Funding Category: Infra & Tooling

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $80,752

Date Applied: Feb 15, 2024
Date Rejected: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Apr 01, 2024 (6 weeks)

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