WalletD

[GENERAL] Name and surname of main applicant

Patrizio Spitalieri

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Incorporated)

[GENERAL] Co proposers and Additional applicants

Riccardo Spagni

Jonathan Purnell

Zaheer Seedat

Elaine Botha

Devin Pearson

Karl Buys

[GENERAL] Requested funds in ada

50000

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

2

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

No

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

We're building an open source, multi-currency cryptocurrency wallet SDK, designed to allow developers to instantly build fully operational and secure wallet infrastructure.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

N/A

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] Please provide here more information on the open source status of your project outputs

https://developer.walletd.org/

[SOLUTION] Please describe your proposed solution.

We believe that WalletD can become the foundation of almost every blockchain tool of the future. We hope that this allows for a new and more cooperative blockchain industry where WalletD becomes the standard that breaks down the walls between individual ecosystems fostering exponential innovation and development within the space.

View our pitch deck here: https://docsend.com/view/pmmpxhgn8hr6s5kn

We have already released the first modules in the WalletD SDK, including support for Bitcoin and Ethereum.

You can view a wallet CLI demo here, hosted by our Head of Engineering:

https://www.loom.com/share/44c469525d434152b250d292078c350a?sid=62df1ba3-4b21-44c8-bdf4-9141f1a10be4

[IMPACT] Please define the positive impact your project will have on the wider Cardano community.

Firstly, what this integration will do is allow developers looking to build in the Cardano ecosystem a foundation to build upon. Almost every blockchain project needs a wallet and WalletD will provide a fully-functional wallet module which can become the base upon which any future ADA tool could be built. However, this is just the tip of the iceberg.

The second and most important consequence of this module is that any developers building any blockchain project or tools can incorporate Cardano into their project without the need for any additional resource spend. ADA can quickly be incorporated into any multi-chain environment and become a part of the interconnected multi-ecosystem blockchain industry. This means that there will be increased exposure to Cardano, increased use and trading of ADA tokens, and the potential for a wider range of tools becoming available to the Cardano ecosystem.

Though Cardano is important to our vision, our aim is to support as many blockchains as possible and we will also leverage a comprehensive and efficient token-based incentive scheme to ensure committed and experienced community contributors to build and maintain these libraries. To do so, we will be creating an ecosystem based in the WalletD Token which can be earned by participating in the contribution to the open source SDK (which we call the Build2Earn program) as well as by utilizing the SDK in your own project infrastructure and sharing certain metrics about that product’s use (which we call the Grow2Earn program). The tokens themselves will also entitle the holders to a share of the entire project’s profit as well as allowing holders participation in the governance of the project.

See our Tokenomics Litepaper here: https://docsend.com/view/q6srtveubs6tuez3

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

At this stage, we have built out a brilliant- albeit small- team to develop and maintain our first few modules which are already live and available to the public. The aim is to build up our internal and community teams as quickly as possible to ensure that the project can keep growing and that developers have the ability to build out the tools of their dreams.

Here is a video pitch hosted by our Head of Operations, Patrizio:

https://youtu.be/IQjXump9m84

We have already been in discussions with cryptocurrency and blockchain service providers (such as swap providers, exchanges, and reporting tools) about including readymade integrations in the WalletD SDK.  These would allow developers using the SDK to instantly add tools and functionality to their service offering as well as revenue-generating opportunities. All service providers we spoke to have expressed considerable excitement and interest in getting their integration added to the SDK.

[Project Milestones] What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: 

Develop a wallet module for Cardano in WalletD.

Estimated Timeline: Two months

Milestone 2:

Smart Contract Support. This would include, but is not limited to the development of the functionality within WalletD to enable the deployment of smart contracts which interact directly with Caardano.

Estimated Timeline: One month

N/A

[RESOURCES] Who is in the project team and what are their roles?

Riccardo Spagni - FOunder & CEO - https://github.com/fluffypony

Zaheer Seedat - CFO - https://www.linkedin.com/in/zaheer-seedat-ca-sa-7aa8b558/

Jonathan Purnell - General Counsel - https://www.linkedin.com/in/jonathan-purnell-874069105/

Devin Pearson - Head of Engineering - https://www.linkedin.com/in/pearsondevin/

Karl Buys - Senior Engineer - https://www.linkedin.com/in/karl-buys/

Elaine Botha - UI/UX Engineer - https://www.linkedin.com/in/elaine-botha-31345542/

Patrizio Spitalieri - Head of Operations - https://www.linkedin.com/in/patrizio-spitalieri/

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources.

In order to achieve our two milestones, our project would require our full core development team.

Below is a breakdown of our monthly team costs, and the requested grant funding would cover a portion of these costs for one month:

Head of Engineering - Cost: $15,000

Senior Engineer 1 - Cost: $12,000

Senior Engineer 2 - Cost: $12,000

Senior Engineer 3 - Cost: $12,000

CEO / Founder/Ops: $20,000

Finance: $10,000

[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

We believe that WalletD can become the foundation of almost every blockchain tool of the future. We hope that this allows for a new and more cooperative blockchain industry where WalletD becomes the standard that breaks down the walls between individual ecosystems fostering exponential innovation and development within the space.

[IMPORTANT NOTE] The Applicant agrees to Fund Rules and also that data in the submission form and other data provided by the project team during the course of the project will be publicly available.

I Accept