CryptoKitties devs launch Ethereum ‘smart wallet’

The developer of CryptoKitties, Dapper Labs, has launched a new Ethereum “smart wallet” aimed at making cryptocurrencies and crypto collectables easier to use, industry website Coindesk has reported.

According to the company’s chief executive officer Roham Gharegozlou, Dapper, as the product is called, is the “first publicly available ‘smart wallet’ for the Ethereum blockchain”.

“We’re building Dapper because blockchain is still too hard to access, use, and understand,” Gharegozlou said, as quoted by Coindesk. “Dapper’s goal is to make it easy and safe, starting with the technical and design breakthrough of the smart contract wallet itself.”

The CEO noted that the prevalent ways to store cryptocurrencies today had certain weaknesses, namely that centralised exchanges could be hacked, while individual storage devices could be lost.

“Dapper solves for this problem. Dapper secures assets in an open source smart contract and gives the user the master keys, optionally staying on as a co-signer to provide features like prepaid transaction fees and fraud monitoring.”

“Our team is unsatisfied with current solutions: Blockchain’s barrier to entry is still too high, and too many approaches to accessing blockchain compromise the value of the underlying technology,” Gharegozlou added.

Dapper runs as a plugin for the Chrome web browser and connects to crypto sites for payments and storage, Coindesk notes, adding that the wallet will work with popular Ethereum-based products like Decentraland, MixMarvel, and Etheremon.

Dapper’s CryptoKitties dApp (decentralised app), is a blockchain-based game that allows users to breed, buy and sell collectable kittens hosted on the Ethereum blockchain. Few weeks after the game’s December 2017 launch, its popularity reached such heights that it caused congestions on the Ethereum network that significantly slowed down the processing of transactions. The game’s success has inspired numerous imitators, which helped popularise the concept of crypto collectables. It was also one of the first dApps to achieve wider adoption.

Featured image: Piotr Swat / Shutterstock.com

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