Assure Wallet: In a landscape dominated by giants, how can Web3 social wallets break through?

Author: Assure Wallet

The wallet sector is filled with giants, making it difficult to shake them, but that doesn't mean there are no opportunities. Standing on the shoulders of giants and looking at the needs of Web3 users, it is possible to break through and become a new wallet contender. Assure Wallet, a full-chain wallet for Web3, is one of the pioneers.

At the end of the year and the beginning of the new year, Assure Wallet has been active, making strides in marketing and technology, capturing attention in the Web3 wallet sector.

In terms of news: it first announced the completion of a 1.4 million USD Pre-A round of financing, bringing good news to a financing market that has been stagnant for a long time. Following that, it reached a cooperation with SlowMist, a leading global security auditing company, which will work with Certik to form a solid barrier for wallet security.

In the marketing field: Assure collaborated with over 40 project parties and 80 KOLs to launch the "Gas Free NFT." Holding the NFT allows users to be exempt from on-chain gas fees, showing sincerity and making a significant impact in the entire blockchain industry.

In terms of technical products: after three years of continuous development, at the end of 2022, it welcomed the final product. The social chat section launched the Web3 social chat 2.0 version, supporting communities with over 100,000 high capacity, truly becoming the "Telegram" within the wallet. New strategy trading on the Binance market, automated strategies to assist users in trading, etc.

It can be said that in the development path of Assure Wallet, I feel the direction of the future wallet sector and see a blossoming wallet market.

Current Status and Breakthrough of the Wallet Sector

Head wallets like MetaMask and Imtoken still firmly control the traditional wallet market. Smart contracts and MPC wallets, with their fresh concepts, have become favorites of capital institutions.

The giants are large and round, but they appear slow to respond to the diverse needs of users, lacking in feedback. New concept wallets still float in the air, and there is still a distance to fully land, as users have expectations.

In summary, it can be boiled down to two sentences:

"I develop what you use."

"Concepts sound grand, but landing them can be difficult."

At this moment, users are calling for a wallet that: quickly responds to user needs, does not boast concepts, and is safe and easy to use.

The answer is yes, a batch of new wallets focusing on Web3.0 has emerged in response to user needs.

These wallets exist in the gaps between giants, filling the void between new concept wallets and their practical implementation. Among them, Assure Wallet and Bitkeep are particularly representative.

These wallets place great importance on user experience, quickly responding to user needs, and under the premise of safety, rapidly attracting a large number of enthusiastic fans, striving to achieve a new breakthrough.

Like stepping on the gas, responding to user needs

Having used Assure Wallet for many years, the most intuitive feeling users have is the team's extreme attention to user needs. Often, a small user request can quickly reach the core team through customer service and receive feedback for resolution.

It's like driving a car; a gentle press on the gas pedal brings corresponding power feedback.

In the crypto bear market, users' beloved tokens have been hit hard. Zero-amount transfers have run rampant, causing many users to lose assets due to carelessness. Assure Wallet was the first to block zero-amount transfers and provide prompts for all new address transfers. This effectively protects users from being disturbed by on-chain scam information.

It was the first to launch the Gas Free NFT rights card.

Users holding the NFT can bind multiple chain addresses. During the validity period of the NFT, Assure subsidizes 70% to 90% of the gas fees generated by user transfers. Notably, users can receive gas fee subsidies from Assure Wallet when transferring using any wallet.

According to feedback from internal test users, the subsidies are credited very quickly, making it very practical for real on-chain users.

Web3 Anonymous Social Chat 2.0 Ecosystem

The Assure team ventured into the field of distributed encrypted chat as early as 2016, releasing the Tree Hole encrypted chat software.

The social chat gene is rooted within the team. After entering the wallet space in 2020, the team integrated the chat gene into the wallet, forming a social chat ecosystem based on addresses as DIDs, providing users with a one-stop anonymous social chat solution.

At the beginning of 2022, Assure officially launched the Web3 Anonymous Social Chat 1.0 Ecosystem, achieving basic functions such as anonymous chatting, peer-to-peer transfers, and group red envelopes.

Faced with an exponentially growing user base, the Social Chat 1.0 Ecosystem, based on Signal's source code, showed serious flaws. Once community members exceeded 500, excessive message sending within the group would cause synchronization delays. If a user had not logged into the wallet for a long time, opening the wallet would require synchronizing messages in chronological order, severely affecting the user experience.

Thus, the Web3 Anonymous Social Chat 2.0 Ecosystem, capable of accommodating over 100,000 users, was put on the agenda.

What is the Web3 Anonymous Social Chat 2.0 Ecosystem?

For users in the Chinese-speaking region, it is like WeChat using addresses as identities. For English-speaking users, it is also like Telegram logging in with addresses.

Chatting is completely bound to addresses, allowing direct transfers of any tokens across 18 public chain networks.

The community can accommodate over 100,000 users for real-time online chatting, smooth and without lag.

Group red envelopes support popular tokens across multiple public chains, expanding the boundaries of social chatting.

The ultimate goal is to achieve a strong binding between addresses and chatting, facilitating smooth value transfer and message transmission through chatting.

Although the 2.0 ecosystem has not yet been launched, the support for 100,000+ concurrent users is still worth looking forward to.