# Masma Introduction (Huge update coming for intro)

## Summary:

Masma is a company that enhances the User Experience on the Ethereum (ETH), Solana (SOL), and Binance Smart Chain (BNB) blockchains and beyond as the agnostic "experience overlay" in the world of [Decentralized Finance (DeFi)](https://www.youtube.com/watch?v=17QRFlml4pA).

We offer a platform where users can join others in experiencing true financial freedom as easy as using PayPal or Robinhood. Currently, Masma has **20,423 members waitlisted** ready to take advantage of its offerings. 

Masma's **Unique Selling Proposition** is its ability to provide users with a seamless and enjoyable experience while navigating the [Decentralized Applications (dApps)](https://www.youtube.com/watch?v=oPIupbsVimc). Think of us as a "mod' you play on your favorite game but we fixed all the bugs and glitches you complained about that the game makers didn't fix!

We're solving a key problem of users wanting to explore the potential of Blockchain technology and DeFi when they don't need to understand the underlying technical intricacies. 

**Though Masma is Tech-centric but we're Human-first.**

We're addressing the human needs for financial independence, security, and empowerment. We've set out to bring excitement, curiosity, and anticipation for the world of [Web3](https://www.youtube.com/watch?v=nHhAEkG1y2U).

With Masma, freedom is abundant.

{% hint style="info" %}
**What does Masma 〽️ mean?** It was an ancient advanced civilization thousands of years ago that had the technology to travel the world. At Masma, we aim to bring that civilization back to the world.
{% endhint %}

<figure><img src="https://1480389875-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1IOKF18Hdcf0lQ6lHooq%2Fuploads%2FbWHu45kIzMBHv3MZioaq%2F1.%20INTRO.png?alt=media&#x26;token=5b63a440-10a9-44a4-99fa-db4e8f13dd47" alt=""><figcaption><p><strong>Masma simplified Web3 UX</strong></p></figcaption></figure>

## The future is Web3

A genuine ultra app is really only feasible in Web3.

In Web2, the restricted nature of data and APIs makes it challenging to interweave and integrate apps.

But in Web3, with [Smart Contracts](https://www.youtube.com/watch?v=pyaIppMhuic) being open and the data being transparent, it becomes a real possibility.

{% hint style="info" %}
Take a look at how Web3 is different than Web2.
{% endhint %}

<figure><img src="https://1480389875-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1IOKF18Hdcf0lQ6lHooq%2Fuploads%2FYEbQ5amGpfuukk745twq%2F2.%20MEET%20SAM1.png?alt=media&#x26;token=42a380df-883f-455d-9747-4e01409747f2" alt=""><figcaption><p><strong>Web2 vs. Web3</strong></p></figcaption></figure>

Most of us start our Web3/crypto journey from centralized crypto apps.&#x20;

This is where we first recognize the importance of data ownership and control.&#x20;

As we transition into the Web3 realm, we often encounter the challenges associated with its usability, highlighting the learning curve required to navigate it effectively.

{% hint style="info" %}
Below is a user of our Addressable Market
{% endhint %}

<figure><img src="https://1480389875-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1IOKF18Hdcf0lQ6lHooq%2Fuploads%2F9IexjfYveNqzqvnbONVC%2Fnordwood-themes-nDd3dIkkOLo-unsplash.jpg?alt=media&#x26;token=b711176c-29d5-4571-8df8-a997bb575027" alt=""><figcaption><p><strong>Alex's foray into Web3</strong></p></figcaption></figure>

## Problem:&#x20;

### Currently, Bad User Experience in Web3.

The current Web3 landscape is filled with challenges that disrupt the User Experience:

* Lack of intent-centric design.
* Knowledge & tool overload/complexity.
* Complicated sign-up process with [Seed Phrases](https://www.youtube.com/watch?v=VtgCHk97Ts8).
* Complexity of cross-chain operations, gas fees, and account management.
* Lack of automation.
* Huge risks of losing assets and /or [private keys](https://www.youtube.com/watch?v=bvSJm7fHXto).

Now, these challenges can all be *abstracted away* in our new, intuitive platform which has enormous **trillion dollar** opportunities otherwise blocked by a bad user experience.

{% hint style="info" %}
A glimpse at why Web3 has bad user adoption.
{% endhint %}

<figure><img src="https://1480389875-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1IOKF18Hdcf0lQ6lHooq%2Fuploads%2FpHi8rBoQKSvNTHDHZMpq%2Fnordwood-themes-nDd3dIkkOLo-unsplash.jpg?alt=media&#x26;token=077a83ae-f67c-475b-beb9-91621bf2a7e8" alt=""><figcaption><p><strong>Statistically, a huge gap in UX = Masma's opportunity</strong></p></figcaption></figure>

{% hint style="info" %}
The current User Experience for most of the Crypto wallets.
{% endhint %}

<figure><img src="https://1480389875-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1IOKF18Hdcf0lQ6lHooq%2Fuploads%2FPpzyEj1fjCV2E9WvTshr%2F4.%20THE%20SOLUTION12.png?alt=media&#x26;token=4b1eed63-eda8-4975-863c-bd1dcf0da367" alt=""><figcaption><p><strong>Clumsy process to use a wallet</strong></p></figcaption></figure>

## Market:&#x20;

### People want an easy-to-use Web3

The people have spoken this truth thousands of times and the [data ](https://www.theblock.co/data/decentralized-finance/dex-non-custodial)also proves it.

Last year, Decentralized crypto Exchange's (on-chain DEX) volume and transactions were at **6.71%** compared to that of Centralized crypto Exchanges.&#x20;

It is now up to 15.3% and as high as **23.3%** -- the trend is there, but the User Experience is missing.

{% hint style="info" %}
What masses want from Web3 and the proof of up-trend.
{% endhint %}

<figure><img src="https://1480389875-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1IOKF18Hdcf0lQ6lHooq%2Fuploads%2FVms2eG2VxKUAKGIWLWEp%2F4.%20THE%20SOLUTION1.png?alt=media&#x26;token=ee853a38-6c95-4d67-8b35-15a4327ce345" alt=""><figcaption><p>DEX vs. CEX volume %</p></figcaption></figure>

## Solution: Masma

**We solve only 1 problem, and we solve it really well: User Experience in Web3.**

At the core, Masma aims to become the **one-stop-shop** for Web3.&#x20;

Powered by [Account Abstraction](https://masma.gitbook.io/masma/main/masma-introduction-huge-update-coming-for-intro/account-abstraction), Masma brings the needed setup to enhance the existing Web3 experience and pave the way for its mass adoption.&#x20;

We're targeting the 99.99% of users who have not utilized Web3 yet.

Masma will start with **Three** core features and **Four** product offerings for now:

### 3 Core features:

1. **Wallet Infrastructure:**&#x20;

Users can now opt for conventional email/password account creation, **eliminating** the need for seed phrases.&#x20;

This innovative approach offers not only additional top-tier **security** features but also provides a **self-custodial** wallet and a level of **insurability** akin to FDIC coverage for their Crypto/NFT assets providing peace of mind.

2. **Masma's Meta User Interface (MUI):**&#x20;

A **single** web interface that lets users interact with all of their favorite dApps from a **single** dashboard.&#x20;

Users don’t need to know what chain they’re on or which route they need to take to use a dApp which makes it easy for anyone to utilize full potential of Web3.

3. **Account Abstraction (AA):**&#x20;

Introducing **advanced** functionalities without being tethered to the fixed and overly complicated rules of the underlying blockchain technology.&#x20;

This feature **simplifies** the multiple steps traditionally needed to achieve a singular objective, thus reducing the overhead and complexity of using dApps.

## 4 Current Product offerings:

{% content-ref url="products/smart-exchange-smex" %}
[smart-exchange-smex](https://masma.gitbook.io/masma/main/products/smart-exchange-smex)
{% endcontent-ref %}

{% content-ref url="products/send-receive-funds" %}
[send-receive-funds](https://masma.gitbook.io/masma/main/products/send-receive-funds)
{% endcontent-ref %}

{% content-ref url="products/social-profiles" %}
[social-profiles](https://masma.gitbook.io/masma/main/products/social-profiles)
{% endcontent-ref %}

{% content-ref url="products/in-app-chat" %}
[in-app-chat](https://masma.gitbook.io/masma/main/products/in-app-chat)
{% endcontent-ref %}

{% hint style="success" %}
Good News: All of the above is completed. We are now preparing to launch!
{% endhint %}

{% hint style="info" %}
Masma = The solution to a great Web3 User Experience and mass adoption.

*Finally, Alex rejoiced* :tada:
{% endhint %}

<figure><img src="https://1480389875-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1IOKF18Hdcf0lQ6lHooq%2Fuploads%2Fe4yM2FAOleiIOpPZSfQs%2F4.%20THE%20SOLUTION2.png?alt=media&#x26;token=9a009414-4d74-423d-8921-c38712960469" alt=""><figcaption></figcaption></figure>

Masma is preparing to launch a beta with ongoing development of select features.&#x20;

Concurrently, we're actively harvesting user feedback.&#x20;

Engage with us through [Twitter](https://twitter.com/JoinMasma), [LinkedIn](https://www.linkedin.com/company/joinmasma/), [Telegram, ](https://t.me/JoinMasma)and [Discord ](https://discord.gg/x4FAukfJN2)communities to voice your invaluable insights and earn points along the way!

{% hint style="info" %}
Below we show our roadmap for Masma.
{% endhint %}

<figure><img src="https://1480389875-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1IOKF18Hdcf0lQ6lHooq%2Fuploads%2Fy1wl9xB75YzITDrR3Z4S%2F9.%20ROADMAP.png?alt=media&#x26;token=424b22d4-ed8d-496a-aeb3-611cb01ee47d" alt=""><figcaption><p><strong>Our Roadmap</strong> </p></figcaption></figure>

We're currently exploring four new ideas to build within the Masma ecosystem:

1. **Mini-apps:**&#x20;

Companies like WeChat have transformed the concept of **super apps** through their mini-apps, enabling users to seamlessly integrate payment and social functions.&#x20;

This enhances conversion rates while users browse their favorite brands/shops.&#x20;

Masma is already pioneering a groundbreaking approach in this realm.

2. **High-Interest Savings Accounts:**&#x20;

Our goal is to simplify the process of staking crypto to **earn APY** (interest %) on your assets, making it effortless for our users with zero DeFi knowledge.&#x20;

You can easily deposit funds into a our "savings account" and customize your preferred risk-reward ratio.

3. **Credit Cards:**&#x20;

We aim to enable our users to embrace the true **bank-less dream.**&#x20;

With Masma, users not only have superior control in Web3 but also in their day-to-day lives as they can effortlessly spend their digital assets in the physical world.

4. Privacy Layer:

Utilizing a privacy layer within Masma to hide specific transactions, and personal data using ZK technology. This means transactions between wallets would be private, or any on-chain activity. Unlike platforms such as Zapper.fi, where anyone can see what you have at any time.


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