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by wheelerwj
770 days ago
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I have a genuine question. As someone who has been a member of the crypto community for a long time, Ive seen wallets come and go. They are notoriously hard to maintain and generate revenue from. Why would you choose to get into this space now? And why should I believe your service will be around long enough to make it worth integrating? |
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Thanks for your question, this is completely valid.
I think there are two axis to this :
1. Typical wallets, as in end-user “tools”, are B2C in essence and most crypto users are used to not pay a penny for a wallet. Meemaw is a “wallet-as-a-service”, meaning that it helps companies deploy wallets for their users. It’s a B2B service. I think you got that but just wanted to make extra sure. For a company with the right use case, having a way for mainstream users to own digital assets without struggling to understand how this all works is really valuable. Think banks letting their users own some crypto, Starbucks with their loyalty program, Reddit with their NFTs, etc.
2. Why now? Well, to be honest, it’s just because I did not find any alternative that I trusted for the long term, when building that first project I mentioned. I was really looking for an open-source and easily self-hostable project to give me the confidence that, worst case scenario, I could make it work even if company XYZ disappears or raises their prices or removes features... I probably felt the same as you do. I ended up building what is now Meemaw, trying to find ways to make it more resilient for everyone involved: if Meemaw disappears, companies using it should not be at risk; if those companies disappear, their users should not be at risk. It’s never perfect of course, but I think Meemaw will be vastly superior on that front.
I hope this was clear enough, let me know if it wasn't :)