Valora launches ‘Mobile Stack’ Web3 launchpad for iOS and Android
Peer-to-peer (P2P) payments firm Valora recently launched “Mobile Stack,” a decentralized, permissionless, and open protocol launchpad for Web3 decentralized applications (DApps) on mobile devices.
According to Valora, writing in a press release seen by Cointelegraph, “only 8 of the top 100 Web3 apps on DappRadar have a mobile native experience.” The company hopes to change this by giving developers in the Web3 community a simple, intuitive platform for deploying user-friendly, mobile-first DApps.
“UX [user experience] is typically an afterthought in web3, and mobile experiences are few and far between despite smartphones being the primary devices used by seven billion people worldwide to interact and transact online.”
Other fintech and crypto-related apps, including Robinhood Crypto and Coinbase’s applications, have been successful with mobile users. However, the decentralized finance (DeFi) and Web3 communities tend to operate in the desktop space. This could be due to the perceived difficulty disparity between developing for PC and Linux and creating mobile-first applications.
Cumbersome DApp UX
Valora described the current state of the DApp user experience (UX) as “cumbersome” due to the necessity to combine wallet apps with browsers or desktop applications in order for users to interface with Web3 applications.
Based on the information provided by Valora, Mobile Stack functions as a blank canvas for developers with the necessary protocols and features in place for Web3 functionality. Developers take the placeholder app and customize it for their specific DApp’s needs using only the necessary protocols.
Per the press release, among the first apps to launch on Mobile Stack are “Troopo,” a savings and earnings app from Stake Capital and Vana’s “ChatGPT Data DAO,” a user-operated DApp aimed at empowering users to monetize their data.
Mobile Stack use cases
The company also pointed out several potential use cases for its Mobile Stack platform, including borderless P2P payments, simplified onboarding apps for DeFi services, driving universal basic income programs in emerging markets, and enabling “learn-to-earn” campaigns with partners such as cryptocurrency exchanges.
Valora was founded in 2020 as a decentralized wallet operating on the Celo network. As Cointelegraph reported in 2021, the company completed a $20 million funding round led by a16z and became an independent business separate from Celo.
Related: Web3 users reached an all-time high of 10M in Q2: DappRadar
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Aave proposal considers activating fee switch and buying back tokens from open market
Quick Take A new Aave proposal considers adding a fee switch to return some of the platform’s net excess revenue to its key users. The move could also lead to Aave protocol restaking, providing new revenue sources for Aave and its users.
Bitcoin and tech stock continue tumbling after strong US GDP data
Bitcoin fell further, alongside tech stocks, failing to rebound after Thursday’s strong U.S. GDP data and cooler PCE inflation.
