Integration of Cardano in the Infinity Wallet One-stop Super App

[GENERAL] Name and surname of main applicant

Aaron

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

Entity (Not Incorporated)

[GENERAL] Requested funds in ada

230000

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

4

[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)

The complete integration of Cardano and its ecosystem into our all-in-one self-custodial super-app and first of its kind Web3 Browser, providing a streamlined UX & UI, with account abstraction.

[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.”

No dependencies.

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

No

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

While the Infinity Wallet is free to use for users and developers, it is not fully open source. We do however provide open-source access for developers to our libraries, repositories and smart contracts that we develop.

This grant proposal is for the integration and developments needed to support Cardano in the Infinity Wallet ecosystem.

[SOLUTION] Please describe your proposed solution.

Infinity Wallet is a decentralized all-in-one non-custodial wallet ecosystem and Web3 browser, that provides a one-stop solution for all a user's decentralized needs (a Wallet and Web3 browser Super App). As not a browser extension, but a standalone application, enabling seamless onboarding and easy access and use of crypto, cross-border payments, DeFi, NFTs and Web3. All within a single unique platform on desktop since our launch in 2020, supporting around 48,000 MAU (with mobile version to launch later this year that aims to redefine the entire mobile experience, a sneak peak can be found here). 

Additionally, users and developers can benefit from easy access to Web3 and DApps, via our unique Web3 browser and DApp store. Which is a browser built with enhanced Web3 capability, including an in-built app store to discover decentralized applications. Providing a far superior, safer and more natural user experience, with a range of unique advantages for users, DApps, and chains alike, enabling easier usage and adoption of Web3. What this does is remove the need to use basic and unfriendly browser extensions with limited UX and features to access Web3, that would otherwise be required in today's Web3 ecosystem. Which generally browser extension wallets are built more for the current user base of mostly developers, rather than for mass adoption by less tech-savvy users.

Through the Infinity Wallet we are opening up ease of access to the decentralized world for both less technical users and existing users in the space. Removing some of the barriers that exist today, to provide a more enhanced and curated in-wallet user experience, with a flawless user interface as a one-stop hub and multiple wallet solutions (actively working on account abstraction with one-click social wallets for easier mass adoption by less tech-savvy users). Our goal is to make it as easy as possible for everyone to onboard into the 

decentralized space and Web3, as it is with the Web2 space today.

Below are some of the many infrastructure and features/services of the Infinity Wallet:

1- Portfolio and Analytics Monitoring/Dashboard -

2- One-stop DeFi Wallet Solution with a strong focus on user experience -

3- Desktop Web3 Browser (One-click connect and transact with Web3 DApps, with utmost discoverability and use of a chains’ ecosystem) This removes the need for unfriendly and feature-lacking browser extensions to access Web3 and decentralized applications on desktop, while providing a standalone browser for web3!

4- Web3 DApp Store (Enables easier DApp & ecosystem discoverability, adoption and usage) -

5- Cross-chain swap & bridge (Swap/Bridge between multiple supported chains) -

6- In-wallet decentralized exchange aggregator -

7- NFT support and Gallery to manage (view, send and receive) and easily trade NFTs -

8- Fiat on/off Ramp (enabling easy and direct onboarding into crypto and supported chains) -

9- Complete Transaction History for all transaction types with DApp resolving and balance/performance tracking -

10- Custom Token Importing (Allowing any token to be imported on any supported chain) -

11- Desktop QR Scanner (Drag to scan Desktop scanning for payment requests, merchants, wallet connecting and etc.) -

12- Live user and chain support, with a focus on delivering the best possible user experience to make onboarding for users as easy and seamless as possible.

For a detailed look over our many other features/services and future development roadmap please see our information deck available at https://infinitywallet.io/docs/Infinity%20Wallet%20Deck.pdf

We also look to launch our highly anticipated mobile release early next year on Android and iOS, which any existing support for Cardano on Desktop will automatically be expanded to mobile on its launch at no cost as long as Cardano is supported on Desktop before the mobile release, a sneak peak can be found below.

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

In what way will the success of your project bring value to the Cardano Community?

Wallets are the core component required for any chain, enabling users to interact and onboard to Cardano, and access the Cardano ecosystem (Payments, DApps, DeFi, Web3, NFTs and much more). Making wallets the defining factor for usage and adoption of a chain and its entire ecosystem, however as of today wallets are one of the least well developed applications in the crypto ecosystem.

Today, wallets act mainly as an interface, serving primarily as a transaction signing layer, with very limited functionality or in-wallet features, requiring use of multiple platforms, and are generally lacking in basic UX, while providing very unprofessional, hard to use and aesthetically poor user interfaces, with most platforms built with a focus on developers rather than end users. This has been sufficient for the early adopters in crypto, however, for the next billion users to onboard, a more curated, frictionless and high quality user experience is required!

Desktop Web3 wallet options are limited in particular, delivering very little in terms of new innovation, or solving today’s issues, while requiring the user to install a browser extension, which is not the natural flow. Overall delivering an unintuitive and feature-lacking user experience, with limited or no native support for Cardano and its ecosystem/DApps, greatly restricting the possibility for discoverability and adoption.

For Cardano to compete and attract users and developers, it needs a one-stop wallet super app providing a seamless user experience, to enable users to onboard and adopt Cardano, and learn/discover the Cardano ecosystem as their home.

How will you measure this impact?

The success/impact of the Cardano grant proposal can be measured via:

1- The completion of the deliverables and integration;

2- Live launch of the Cardano deliverables and support within the Infinity Wallet to our hundreds of thousands of users, along with announcements/marketing and default native support of Cardano;

3- Amount of Cardano DApp integrations into the Infinity Wallet Web3 Browser & DApp store and partnerships with Cardano projects;

How will you share the outputs and opportunities that result from your project?

On completion and once pushed live, users will be able to download the Infinity Wallet for desktop (Windows, Mac and Linux) from the Infinity Wallet website. While existing users will be able to update the Infinity Wallet to access the Cardano developments and integration.

Additionally, we will share the developments/integration across our social channels, in-wallet announcements, 110k+ subscriber newsletter, upcoming blog, create a custom webpage for Cardano on our website, establish ongoing partnerships and work with Cardano DApps on integrations into the Infinity Wallet and cross announcements/marketing.

[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?

As an already live and established innovating platform launched in 2020 and used by hundreds of thousands of users, we know exactly what will be needed to deliver the proposed deliverables. Additionally, our team has extensive experience from working on average 5-10+ years within the space, and we have also worked with multiple other chains on unique solutions over the years.

This grant proposal is for the integration and developments needed to support Cardano in the Infinity Wallet. There are no feasibility issues as we have worked with many chains before to provide unique solutions and have evaluated the requirements and developments to deliver what has been proposed in the estimated timeframe.

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

1- Integrate core Cardano wallet functionalities to be able to interact with and utilize the Cardano chain (store, send, receive, create/restore, balance tracking and other core Cardano functionality);

2- Complete transaction history and smart contract resolving for linking and identifying protocol transactions;

3- Integrate support for Cardano tokens, with the ability to import non-default supported tokens, enabling easy use of all tokens on Cardano within the Infinity Wallet and its features/services;

4- Portfolio dashboard support, with charts, price and historical tracking for Cardano and tokens;

5- Swap & Bridge support, enabling one-click swap/bridge from different chains and tokens to/from Cardano;

6- Buy/Sell support, enabling easy onboarding into the Cardano ecosystem from/to fiat currencies;

1- Web3 Browser and connector integration, allowing for seamless transacting and connecting to Cardano Web3 projects and DApps, removing the need for browser extensions via the Web3 browser;

2- Web3 DApp store for Cardano projects, to allow for easy discoverability and adoption of Cardano ecosystem projects;

3- WalletConnect integration for Cardano;

1- NFT support for Cardano, including NFT gallery to view all NFTs, individual NFT viewing with all NFT stats/information, ability to send/receive and easily buy/sell NFTs;

2- Integrate support for Cardano into our new social wallet account abstraction solution enabling users to create/restore a wallet with one-click social login (removing the need for a seed phrase and enabling users to create a wallet via social login, allowing for easier onboarding and usage of Cardano, DeFi & Web3 by the general Web2 user);

3- Integration of Cardano into all secondary features (Address book, Payment requests, Market Stats/Alerts, Notifications, etc.);

4- Internal testing and auditing of the integrations and all developments;

The final milestone would be the live release of the Cardano deliverables and complete integration on Windows, Mac and Linux.

Along with the following on live launch:

• In-wallet release and notification;
• Announcement across social channels;
• Native default support for every new user creating a wallet;
• Newsletter to 110k+ subscribers;
• Release articles on Cardano and Cardano ecosystem projects we partner with in our upcoming blog;
• Creation of a custom Cardano web page on the website;
• Reaching out to Cardano tokens and DApp developers on integrating them into the Infinity Wallet & Web3 Browser and cross-marketing activities;

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

The Infinity Wallet team and project was founded in 2019 and the platform was launched in 2020. Since inception we have continued to operate as a free to use platform that is completely self-funded, without ever raising investment.

Our team has individually between 5-10 years of experience within the space (as investors, miners, and developers), and has gained a vast amount of understanding, knowledge, and experience. This has enabled us to comprehend the major crypto market shortcomings, along with what is lacking and needed in the space. Additionally, we have a general background in software development and UI/UX with between 5-15+ years experience.

Information on the core team members, roles and descriptions can be found at the following link https://docs.google.com/document/d/1c4fpyzI64569uNr8l9Ygo_G3x2NTs_Dq8wRGSnOXH14/edit?usp=sharing

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

The amount requested in the budget is only to complete the outlined deliverables and integration of Cardano. All other expenses and ongoing expenses (such as, integration of Cardano into future developments/features, ongoing operational/infrastructure costs, maintenance, Cardano ecosystem DApp support/integration, etc.) would be covered at our own expense by us supporting Cardano and its ecosystem.

The hourly cost is $60h * 2 devs = $120h

Milestone 1 =

Total Cost: $120h * (26 days x 8h) = $24,960

Total ADA: ≈ 69,000 ADA

Milestone 2 =

Total Cost: $120h (2 devs) * (35 days x 8h) = $33,600

Total ADA: ≈ 92,000 ADA

Milestone 3 =

Total Cost: $120h * (26 days x 8h) = $24,960

Total ADA: ≈ 69,000 ADA

Total budget in ADA =

Total ADA: ≈ 230,000 ADA

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

The cost of this proposal is based on industry standards and the typical rates for professionals with the required expertise in Web3, DeFi and blockchain (generally $50-$70 an hour).

The grant amount requested is to cover the outlined deliverables that would be developed to complete the integration and support of Cardano in the Infinity Wallet & Web3 Browser, bringing new and on-going value to Cardano and the Cardano ecosystem.

Cardano would not only benefit from the enhanced user experience, infrastructure, new services & feature integrations, but also from being a part of our constantly evolving and growing ecosystem of multi-chain DeFi and Web3 users. Additionally, we would cover at our expense and Cardano would gain for free:

•  Access to and adoption via our current hundreds of thousands of users and future Infinity Wallet users, driving on-going growth and further usage/adoption of Cardano;

• We will cover ongoing expenses and maintenance requirements for integrating and supporting Cardano;

• Expanding support for Cardano into our upcoming mobile release for FREE at no extra cost;

• Ongoing development support for Cardano within the Infinity Wallet into future features/services on a case by case basis (part of our current public roadmap can be found on page 27 here https://infinitywallet.io/docs/Infinity%20Wallet%20Deck.pdf);

• Collaborate and integrate Cardano developers' DApps with direct support for their projects within the Infinity Web3 Browser and DApp store for free, to help drive ecosystem adoption and usage (waiving any integration fee for Cardano DApps in an effort to drive growth and adoption within the Cardano ecosystem);

• Partner with Cardano projects to find ways to drive mutual value and marketing;

[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