A huge problem with blockchain tech is that it's too complex for the average person to understand.
But @MELD_Defi looks forward to onboard a vast amount of Web2 users into Web3 by easing the approach to DeFi tools through a simple wallet.
Let's see how they do that on @avax:
Even though they started developing in Cardano, they ramped up their multichain game last month, when they launched their own subnet on Avalanche.
Since its launch, a total of ~353,082 transactions have been made by June 2023.
It also is the biggest live subnet on Avalanche, with a total of 15 validators.
subnets.avax.network/meld
What stands apart is that MELD's wallet will bring together convenient and secure web2-like methods and the traditional web3 standard.
While frequent crypto users would rather generate their seed phrase, newcomers from Web2 could safely open a wallet using familiar methods.
To create a wallet you will have to write down your 24 words, yes, but you can access it using any of the methods above.
This way we can introduce the concept of self-custody to new users without giving them such responsibility all of a sudden.
Once the wallet is created, the experience is smooth.
We have a simplified UI that enhances the experience for those who have never had a crypto wallet.
No complex data, numbers, nor complicated terminology that could scare or bore newcomers.
One thing I love is that you could host several wallets within MELD's.
I've got an ADA integrated wallet (the one that's inherent to the app), EVM wallets and Nami (another wallet for Cardano that I had before).
You can also connect more wallets and use them through MELD.
Even though MELD's path on Avalanche just started, I'm eager to see what's to come.
What about a mobile wallet soon @MELD_Defi?
αɾʂԋ9000 🔺
@Arsh0x1
@avax official ambassador | DeFi Researcher | #Avalanche ambassador for @MELD_Defi | Marketing Consultant at @BioFiGlobal 🧑🏻💻
