🤾🏽♂️ A Fun Way to Explore Web3
Explaining Rainbow's mobile wallet that allows interaction with dApps on the Ethereum blockchain
Today's Highlights
- Rainbow - creating a mobile wallet app for an engaging web3 experience
- Learn - a couple of courses to further your knowledge in crypto.
- In Other News - a few interesting developments we're tracking.
Rainbow - creating a mobile wallet app for an engaging web3 experience
Rainbow is a crypto startup building a mobile wallet app that allows users to interact with decentralized applications on the Ethereum blockchain. Rainbow has designed the wallet app with rainbow gradient buttons and emojis galore. It overall gives a sterile feeling compared to the competitor MetaMask. Rainbow’s emphasis on design doesn’t mean it’s shying away from the crypto ecosystem’s complexities; the app allows users to connect to decentralized apps and invest in tokens through decentralized exchanges like Uniswap.
Rainbow’s goal is to make things like buying or selling a multi thousand-dollar NFT as straightforward as possible. Rainbow has been super design-centric from the beginning. So they have fundamentally started from scratch and designed a wallet for the builders and users much more user friendly than the previous wallets.
The biggest challenge for the new wave of consumer-friendly wallets like Rainbow or Solana-based competitor Phantom, among others, is building a consumer gateway where users not only feel comfortable buying tokens in-app but are empowered to poke around the unknown.
The startup is still early in that quest but is making strides to bring more users onboard. The company recently launched a public beta of the Rainbow app for Android after a lengthy period as an iOS exclusive experience. The startup is focusing heavily on the mobile experience where MetaMask holds less of a presence, though they also have a desktop integration in the works.
Christian Baroni, Jin Chung and Mike Demarais are the founders of Rainbow. Rainbow has raised a total of $19.5M in funding.
📚 Learn
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Yvonne Senouf
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Dror Poleg
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In Other News
Stephen Katte
Bitcoinist