Valora, a peer-to-peer payment enterprise, has recently unveiled “Mobile Stack,” a novel decentralized platform without gatekeepers, designed to serve as a springboard for Web3 DApps tailored for mobile interfaces.
Credit: Jackie Bona.
In a recent announcement highlighted by Cointelegraph, Valora pointed out that a mere “8 out of the top 100 Web3 applications listed on DApp Radar offer a native mobile user experience.” With the introduction of Mobile Stack, Valora aims to revolutionize this landscape by providing Web3 developers with an accessible and intuitive platform that prioritizes mobile-centric, user-friendly DApps.
While mobile platforms like Robinhood Crypto and Coinbase have garnered significant traction among users, the broader DeFI and Web3 sectors predominantly gravitate towards desktop environments. This trend may stem from the challenges associated with developing mobile applications as opposed to those for PC or Linux systems.
**Challenges in DApp User Experience**
Valora has characterized the present DApp user experience as burdensome, necessitating the integration of wallet applications with either browsers or desktop software to interact with Web3 platforms.
According to Valora’s insights, Mobile Stack is engineered to be a versatile foundation for developers, equipped with essential protocols and functionalities for Web3 integration. Developers can then tailor this foundational app to meet the unique requirements of their DApps, selecting only the necessary protocols.
As stated in the press release, “Troopo,” a financial app for savings and earnings developed by Stake Capital, and “ChatGPT Data DAO” by Vana, a community-driven DApp that enables users to capitalize on their data, are among the inaugural applications launched on Mobile Stack.
**Potential Applications for Mobile Stack**
Valora has identified a variety of potential applications for Mobile Stack, including:
– Facilitating borderless peer-to-peer transactions
– Streamlining the onboarding process for DeFi services
– Fostering universal basic income initiatives in developing economies
– Supporting “learn-to-earn” programs in collaboration with cryptocurrency trading platforms
Established in 2020, Valora originated as a decentralized wallet on the Celo network. In 2021, as reported by Cointelegraph, Valora secured a $20 million investment led by A16z and transitioned into an autonomous entity, independent from Celo.
In related news, the number of Web3 users reportedly surged to a record-breaking 10 million in the second quarter, according to DappRadar statistics.