Infinity Wallet - A unique native desktop Wallet & Web3 Browser - Milestone 1

Dear Dotsama community,

Notice

This proposal is a modified resubmission based on feedback and requests from the previous Infinity Wallet proposal that was revoked. We are re-submitting this proposal with changes based on the feedback from delegates within Polkadot governance, regarding the only two main points that voters had issue with, which have now been resolved:

1. Most of the delegates (ChaosDAO, Jimmytudeski, Polkadotters, Helikon & Saxemberg) wanted to see the proposal split into smaller milestone proposals, to prove our ability to deliver and show our experience with Polkadot at a smaller scale, while displaying the value we can add to Polkadot & Kusama. We have split the proposal into 3 milestones, in which on successful completion of milestone 1 we will submit a budget proposal for milestone 2, and then milestone 3;
2. A couple of the delegates (ChaosDAO and Jimmytudeski) had concerns regarding the budget of the proposal being too low to deliver in the timeline proposed. We have slightly increased the total budget of the proposal to accommodate this feedback and allow for any unseen potential hurdles.

In-addition, we have:

1. Added a competitive breakdown of Polkadot and its 3 main wallets;
2. Updated milestones & deliverables with additional deliverables;
3. Added UI examples of the native desktop app, web3 browser and upcoming mobile app;
4. Added some KPI goals we look to achieve;
5. Added a section listing some points on the value add of the proposal;
   
   
   
   

The proposal

The proposal covers the integration of Polkadot, Kusama and their ecosystems into the Infinity Wallet all-in-one gateway, for a complete and user-friendly way to access the decentralized world and Web3. Along with the value add, benefits and what would be required to complete the developments and integration of Polkadot and Kusama ecosystems within the Infinity Wallet, as a native supported chain that we look to provide ongoing support and developments for, as well as collaborate with the Polkadot & Kusama ecosystems, driving ongoing value and adoption.

The deliverables have been split into 3 milestone referendum proposals ("current referendum for milestone 1"), with the focus of the combined proposal the integration, development & adoption of Polkadot, Kusama and their ecosystems within the Infinity Wallet.

What is Infinity Wallet

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). Infinity Wallet is uniquely not a browser extension, but a stand-alone 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 launched in 2020 and supporting around 48,000 MAU, with mobile version launching in 2024 that will redefine the entire mobile crypto wallet experience.

We are actively building to improve the user experience, opening up ease of access to the decentralized world for both less tech-savvy users and existing users in the space. Removing many of the barriers that exist today, to provide a more enhanced and curated in-wallet user experience with a high quality user interface, as a one-stop hub and seamless multi-chain wallet solution. Our goal is to make it as easy as possible for everyone to onboard to the decentralized space and Web3, as it is with the Web2 space today.

A further introduction can be found in our information deck, along with more features/services, roadmap, UI examples and more: https://infinitywallet.io/docs/Infinity%20Wallet%20Deck.pdf

Budget for milestone 1

Milestone 1 Total amount: 9,924 DOT (~$69,000 at time of proposal);

Milestone 1 (Current referendum) -

• Core wallet integration (Store, send, receive, request, create/restore, backup, balance tracking and other core wallet functionality);
  
• Portfolio and analytics dashboard;
  
• Complete Transaction History with support for different transaction types;
  
• Cross-chain swaps;
  
• Fiat on/off ramp (KYC free for up to 700 EURO daily);
  
  
  

Milestone 2 (Future referendum) -

• Support for Polkadot & Kusama tokens ("assets") across the Infinity Wallet & available features/services;
• Web3 Browser (not a browser extension but a native web3 browser);
  
• DApp store (listing all DApps);
  
• Wallet Connect support;
  
• NFTs Gallery & management (view, send, receive, sell & manage NFTs);
  
  
  
  

Milestone 3 (Future referendum) -

• Social Wallet Account Abstraction (One-click create a Polkadot wallet, removing the need for seed phrase and allowing easy adoption by regular users);
  
• XCM transfers;
• XCM swaps;
• Awareness & Marketing (marketing in-wallet to over 2.5 million wallets and 114,000 users subscribed);
  
  
  
  

Open Source:

Infinity Wallet is a well established platform built from the ground up that has been in the space for 4 years. We open source libraries, SDKs and other code allowing for open access and sharing of knowledge with the development community.

All Infinity Wallet versions are internally audited prior to each release, without a single incident in 4 years. In addition, each release is signed with an EV code signing certificate, with the releases publicly shared on Github allowing for easy validation of each build, and ensuring security of each release signed with our EV code signing hardware security module;

Value add of the proposal:

• A unique platform, as a complete one-stop native desktop wallet which is currently lacking in the Polkadot & Kusama ecosystem to tap into an unserved user base. Delivering a user first approach with a premium experience, from high quality UI, one-stop platform, and multiple UX enhancements, required for mass adoption by less tech-savvy users on desktop and soon coming to mobile;
• Enable Web3 to be more easily adopted and used on desktop via the first native desktop Web3 browser & DApp store. Finally freeing desktop users from being limited to using only the currently existing solutions (unintuitive and feature-lacking browser extension wallets) to access Web3 and DApps. While providing a simpler, easy to use medium to access Web3 and discover DApps across multiple chains & parachains at the same time;
• A platform actively solving issues within the space today. Such as, the need to learn and use multiple platforms for each chain, lack of live user DeFi & Web3 support to help users learn and onboard, lack of limited in-wallet features/services with no complete one-stop wallet solution (limiting the user experience, along with user accessibility/usage), limited wallet solution types (mainly limited to seed phrase wallets), gas requirements (requiring a chain’s token to pay a fee rather than paying in the token transacting with), high swap as well as on/off-boarding fees, and outdated user interfaces with limited functionality. These all contribute to a bad user experience, which users currently have with the existing ecosystem, and are all points that we look to solve. With most platforms focusing more on the current existing crypto community, rather than on onboarding the masses of less technical end users and providing unique and innovative solutions to user’s needs;
• Enable easier ecosystem (Parachains, DApps, Tokens & other services) discoverability & accessibility, while increasing/simplifying adoption through the Infinity Wallet & Web3 Browser;
• A simplified multi-chain experience, as the first multi-chain wallet to completely support Polkadot as a default native chain with all native Polkadot features delivering a unified wallet experience. This eliminates the need for multiple wallets or platforms, streamlining the user experience and enabling easier onboarding and interoperability between Polakdot and other ecosystems;
• Meet the high demand of user requests for us to integrate and expand the Polkadot ecosystem;
• Gain a valuable new ecosystem participant/partner that looks to heavily invest and provide/contribute on an ongoing basis to Polkadot and its ecosystem for years to come, from new developments, features/services, partnerships and driving adoption;
  
  
  
  

Goals:

Below are some goals that we look to achieve:

• Completion of all the deliverables and live public release to over 2.5 million existing wallets created;
• Support more than 40 Dapps within the first 6 months of completion of the milestones;
• Integrate, collaborate & partner with Polkadot ecosystem projects (DApps, Parachains, tokens & other services), looking to work with at least 20 projects within the first 3 months of completion of all milestones;
• Onboard over 50,000 new wallets interacting (holding, transacting, taking part in governance, utilizing DApps and more) with Polkadot & Kusama ecosystems within the first year of completion of all milestones;
  
  
  
  

Competitive Breakdown:

The below image gives a brief comparison between the current main Polkadot ecosystem wallets and the Infinity Wallet

Please review the full proposal for a more detailed description, along with all deliverables & the cost breakdown for Milestone 1: https://docs.google.com/document/d/15XShwMFoT8oSK9U04JnlXYL4zk95dHJ9jMZGRW7Ynl8/edit?usp=sharing

All the best,

Infinity Wallet Team