The Web3 Mobile Revolution
Updated: Oct 28
Earlier yesterday (Oct 24th), Apple released new guidelines that effectively place a bottleneck on viable business models for Web3 mobile DApps focusing on NFTs & other digital collectible/token that unlocks features or functionality within the app. Winter is coming to the crypto space much earlier than we thought.
Is this a step backward?
For the longest time, crypto applications remained web-native. And for the most part, the infrastructure was catching up to the hype. But now, we have the tools to build things like DEX-es, wallets, marketplaces, and beyond – All on a mobile in a seamless and interconnected manner.
The challenge here is that – Just as we were approaching a place where breakout applications outside of simple financial utilities (exchanging, depositing, etc.) could emerge, there has been a huge step back within the IOS ecosystem.
What Apple could have up its sleeve.
Apple announcing these changes that stop crypto apps from being able to unlock functionality using tokens within the app shows two things, in my opinion –
-A gauge to see whether there is sufficient demand for a similar utility that will likely be gauged by responses like this article, where we want crypto/NFT’s unlocking functionality in-app to be a reality.
-The other reason is that they want sufficient time to release their wallet or chain to streamline transactions on-chain in a way that would more comprehensively benefit Apple.
Apple currently has pre-existing capabilities to facilitate an easy-to-use mobile wallet, payment (Apple Pay) & biometric recognition (face-ID) systems, so it’s quite literally a risk, demand & utility bag that they’re currently weighing up and the reliance on the Web3 ecosystem on apple will now indeed be revealed.
I don’t believe this is a long-term decision; however, if it were, it would lock the US and other dominant iPhone markets from having access to utilities that playstore and different android ecosystems will continue to allow. And if the status quo is left long enough, people will shift ecosystems.
That being said, it’s been phenomenal so far to see various Web3 d-apps thrive in the context of either earning while playing games, working on your fitness, & my personal favorite, for putting out content that you’re passionate about.
So what’s next for builders in the ecosystem?
If we zoom out for a second, teams have always had to adapt functionality for various platforms. For instance, until recently, Instagram on IOS & Android wasn’t the same ( not me being personally affected by this with Instagram on my One Plus 6), but now it’s incredibly close. So in that sense, we adapt, and we keep moving forward.
Some of the most exciting developments in the crypto and mobile intersection took place earlier at NFT NYC this year (I’m still shook that I was randomly there for the launch), where Solana Mobile, a subsidiary of Solana Labs, unveiled a new Android mobile phone, SAGA. More specifics on it here.
And it’s not just another phone. What’s unique about this Web3 phone?
Solana Mobile Stack: A blockchain x mobile-specific software development kit that works to enhance rich mobile experiences, so it’s now easier than ever before to build on mobile for developers. This is also inclusive of a mobile wallet adapter (connects mobile and web apps to wallet functionality), Solana pay (tap & pay with Sol/USDC using your wallet) & seed vaults (stores your seed phrases/passwords, etc.).
A decentralized application store: This creates an environment for decentralized applications/applications that plug into the Solana blockchain to thrive without the burden of obscene fees, commissions, or any other dictator-induced risks of being taken down.
Apple has always been at the forefront of innovation, which is why it has successfully nurtured a loyal community of tech lovers. So, this move is a surprise to all and none at the same time – We foresee Apple embracing blockchain technology and being a part of this exponential journey ahead.
It’s likely that a vast community of innovators may otherwise be forced to consider cross-platform development in frameworks like react or flutter to build for both ecosystems (IOS & Android) simultaneously rather than like they used to in the good old days, build for IOS only for instance (at least when they’re getting started). But like I said before, we adapt and keep moving. We have new reveals in store (hopefully even in the iOS one) at CrowdPad in the coming weeks, and we can’t wait to keep updating you. Scroll down for the alpha.
If you haven’t already used the beta, feel free to sign up on crowdpad.io & we’ll send you a link to the next release, which is coming sooner than you think, and you heard it here first.