Wallet Bounty - What you think?

2 Comments

Wanted to see what everyone thought about creating a wallet bounty with a council managing it to onboard more wallets from other ecosystems to support and market Polkadot.

Our current ecosystem is realistiaclly not usable for the average user and we lack any real adoption. Even after we have funded close to 10 million $ between 3 wallets:

Nova Wallet = 5 million $ 

—  50k downloads on Android and IOS unknown;

Sub Wallet = 3 million $

— 300k downloads on browser extension, 100k on Android and IOS unknown;

Talisman Wallet = 1.8 million $ 
— 100k downloads on browser extension

Basically for 10 million $ our current 3 primary wallets we have funded have a combined downloads of 550k (excluding IOS for Nova Wallet and Sub Wallet which will be less than Android) so if we said generously we have 650k total downloads. 


Meanwhile multi chain wallets have millions of downloads, such as Coinbase, Trust Wallet, Exodus, Infinity Wallet and Phantom. These multi chain wallets are built for the average users and are years ahead of our current wallet ecosytstem that really lacks user expereince or innovation, instead the 3 primary wallets we have supported are doing what other wallets done years ago rather then actually been leaders and innovators in the wallet space.

I honestly think without good wallet infrastructure we won't achieve adoption by general users, we need wallets that are leading in innovation and have existing user bases, not new wallets fully dependent on us funding them to operate and basically redo the wheel. The fact is the average user wants easy to use multi chain wallets where they can access everything and not single chain wallets.

What I would like to suggest is allocating a budget to a bounty and reaching out to work with top wallets to get them to integrate and market Polkadot. This would bring new infrastructure to Polkadot and also act as marketing of Polkadot to these existing wallets user bases. Access to lets say 500k-10 million users on average per a wallet for an average of  200k$-1.5 million $ an integration is far better money spent then with current wallets we have supported and far better money spent then all these marketing campaigns we have spent tens of millions of $ on with miminal results. Atleast with the wallet integrations its permentant infrastructure and marketing to actual users in the space, rather then a one off marketing campaign to waste money.

Up
Comments
No comments here