According to a report by Grand View Research, the blockchain market is estimated to have a compound annual growth rate (CAGR) of 82.4% from 2021 to 2028. Since its invention in 2008, blockchain technology has disrupted industries, including supply chain, finance, transportation, health, education, etc. With its increasing market growth, more people are expected to interact with the technology in the coming years. Therefore, it is important for blockchain systems to be made more user-friendly and simple to use.
Blockchain wallet such as Blocto seeks to ensure that beginners and novices alike have an easy entrance to the blockchain world. Without a way to allow people easy access to the world of blockchain technology, more people will be left behind even with blockchain’s exponential market growth. How does Blocto seek to provide an easy and seamless entrance to the world of blockchain? The answer lies in its products and services.
A united user experience across all blockchains
Blocto is a cross-chain, integrated smart contract wallet service designed for both developers and users. With Blocto, users can easily and frictionlessly interact with their NFTs, crypto assets, and blockchain decentralized applications (dApps). Irrespective of which blockchain these assets and applications are built on, developers can integrate and leverage the Blocto service to provide a seamless onboarding process.
With its smart contract wallet architecture, Blocto ecosystem is making blockchain more interoperable. This further helps to promote the mass adoption of blockchain technology. According to its whitepaper, Blocto is referred to as the “steam of blockchain applications.” As a smart contract wallet service, Blocto supports multiple blockchain protocols. Users can easily log in with their email to interact with dApps, buy and sell NFTs and crypto assets, just like they would use daily mobile applications.
Users can also pay their transaction or gas fees across different blockchains using the Blocto points. It is also interesting that it allows the use of fiat (credit card/Apple, Google, Samsung pay) to purchase crypto-assets directly in the mobile app, the most convenient way for people who just started to explore the vast world of blockchain. Once users are more familiar with blockchain & blockchain applications systems, they can convert their Blocto account to a non-custodial mode, allowing them to manage their assets directly.
For developers, Blocto provides an easy-to-integrate SDK for developers on Flow, Solana, BSC, Polygon, Avalanche (c-chain), Ethereum. By utilizing meta transactions. Blocto eliminates the need for users to acquire a chain’s native token to try out the blockchain applications: an optimal path for developers seeking to grow the user base.
With the mobile app providing users from different blockchains a simplified, united experience, Both developers and users can thrive within the ecosystem.
The Blocto Token (BLT)
BLT is the utility and governance token of the Blocto ecosystem. BLT token supply is distributed via BLT mining. Therefore, the majority of the tokens are minted to active users and developers.
Blocto closed their token private sale back in July with 8M USD sold. Notable investors includes Kevin Chou, Founder of Rally & Gen.G Esport, Roham Gharegozlou, CEO of Dapper Labs, Joseph Delong, CTO of SushiSwap, Animoca Brands Alameda Research, 500 Startups.
$BLT public sale will be held across three different chains – Flow, Solana, and BSC. For more info about Blocto and $BLT check out the Blocto official website and Bloctos’ social media.
For more info about Blocto and $BLT check out the Blocto official website and Bloctos’ social media.
Blocto Products and Services
The Blocto ecosystem offers multiple products to its users and developers. These products include the following:
BloctoSwap
BloctoSwap is the first decentralized exchange that is built on the Flow blockchain. It is also the first market to allow the trading between FLOW and FUSD. BloctoSwap also offers Flow/Solana/Ethereum bridge.
Blocto NFT Marketplace coming Oct 2021
Blocto NFT marketplace is a multi-chain open marketplace. As tokens that represent unique digital and real-life assets, these have enabled people from all walks of life to monetize their talents and assets in ways never thought possible (remember Beeple’s $69 million sale of his digital art). Blocto creates a marketplace where people can buy and sell NFTs of different ecosystems. Unique features such as purchasing an NFT directly with your credit card allow anyone to start their NFT journey fast and simple.
Future products
Blocto Balancer
It is a cross-chain automated market maker that allows users to deposit their entire crypto portfolio. These users earn fees as other users trade against their portfolio deposited in the Blocto Balancer.
The Blocto Vault
This is the decentralized revenue-sharing pool of the entire ecosystem. All revenue generated by all Blocto products will be injected into the Blocto Vault. Since the revenue generated comes from different blockchain protocols, different tokens will be stored in the Vault. This means that the Vault will be able to sustain itself irrespective of blockchain trends in the market.
Conclusion
Making blockchain more user-friendly is integral to its mainstream adoption. Projects like Blocto are bridging both users and developers to effectively utilize blockchain applications Blocto now exclusively integrates with Vault by CNN, MotoGP ignition, Chainmonsters, Enemy Metal, VIV3, Canes Vault, Versus, Dark Country. With the continuous growth in 2021, Blocto will continue its mission in bringing great projects to users, and users to developers.
