Masma Introduction (Huge update coming for intro)
LitePaper: The Web3 ultra app for mainstream adoption powered by Account Abstraction and ZkSync.
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).
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). 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.
With Masma, freedom is abundant.
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.
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 being open and the data being transparent, it becomes a real possibility.
Take a look at how Web3 is different than Web2.
Most of us start our Web3/crypto journey from centralized crypto apps.
This is where we first recognize the importance of data ownership and control.
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.
Below is a user of our Addressable Market
Problem:
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.
Complexity of cross-chain operations, gas fees, and account management.
Lack of automation.
Huge risks of losing assets and /or private keys.
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.
A glimpse at why Web3 has bad user adoption.
The current User Experience for most of the Crypto wallets.
Market:
People want an easy-to-use Web3
The people have spoken this truth thousands of times and the data 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.
It is now up to 15.3% and as high as 23.3% -- the trend is there, but the User Experience is missing.
What masses want from Web3 and the proof of up-trend.
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.
Powered by Account Abstraction, Masma brings the needed setup to enhance the existing Web3 experience and pave the way for its mass adoption.
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:
Wallet Infrastructure:
Users can now opt for conventional email/password account creation, eliminating the need for seed phrases.
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.
Masma's Meta User Interface (MUI):
A single web interface that lets users interact with all of their favorite dApps from a single dashboard.
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.
Account Abstraction (AA):
Introducing advanced functionalities without being tethered to the fixed and overly complicated rules of the underlying blockchain technology.
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:
Good News: All of the above is completed. We are now preparing to launch!
Masma = The solution to a great Web3 User Experience and mass adoption.
Masma is preparing to launch a beta with ongoing development of select features.
Concurrently, we're actively harvesting user feedback.
Engage with us through Twitter, LinkedIn, Telegram, and Discord communities to voice your invaluable insights and earn points along the way!
Below we show our roadmap for Masma.
We're currently exploring four new ideas to build within the Masma ecosystem:
Mini-apps:
Companies like WeChat have transformed the concept of super apps through their mini-apps, enabling users to seamlessly integrate payment and social functions.
This enhances conversion rates while users browse their favorite brands/shops.
Masma is already pioneering a groundbreaking approach in this realm.
High-Interest Savings Accounts:
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.
You can easily deposit funds into a our "savings account" and customize your preferred risk-reward ratio.
Credit Cards:
We aim to enable our users to embrace the true bank-less dream.
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.
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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