CryptoKitties Creator Launches “Smart Wallet” Dapper Supporting NFTs and ERC-20 Tokens
Dapper Labs, the company behind the viral Ethereum-based virtual game CryptoKitties, has announced the launch of Dapper, a “smart wallet” supporting ERC-721 tokens and a range of ERC-20 tokens including MANA (Decentraland), EMONT (Etheremon), USDC (USD Coin), BNB (Binance), OMG (OmiseGo) and VEN (VeChain).
Designed to make it easier to interact with non-fungible tokens (NFTs) and play blockchain-based virtual games, Dapper uses smart contract technology in the browser to make full custody over crypto assets safer and more user-friendly for everyday consumers.
Currently, Dapper allows users to play games including CryptoKitties, Decentraland, Etheremon, My Crypto Heroes, Axie Infinity and MegaCryptoPolis. More top-tier games will be added in the near future, according to the wallet’s FAQ page.
“The biggest complaints from CryptoKitties fans are the complicated tools they have to use to play the game,” said Kim Cope, a founding member of CryptoKitties and associate product director at Dapper Labs.
“Dapper is our solution to that problem and the first step towards making accessing the blockchain as safe and predictable as surfing the internet.”
The Dapper smart contract enables security features like account recoverability and fraud protection, and makes possible conveniences like smart fee management and multi-device support (coming soon). Dapper includes a “co-signer” feature with several limited powers including resetting a user’s password, recovering an account if the device gets lost, flagging suspicious requests for further action, and paying gas fees on users’ behalf.
Dapper also allows users to buy ether directly with their credit card using Simplex, a global payment processor.
“We built Dapper because we wanted to make it easy to be safe on the blockchain,” explained Roham Gharegozlou, CEO and co-founder of Dapper Labs.
NFTs made their way into the mainstream when CryptoKitties went viral. CryptoKitties is Ethereum-based virtual game that lets users buy, sell, collect, breed and exchange unique, virtual cats.
In March 2018, CryptoKitties announced a US$12 million funding round from a roster of prominent investors, including Andreessen Horowitz and Union Square Ventures, as it span out as a new company, Dapper Labs, breaking away from Canadian venture-studio Axiom Zen.
Dapper Labs raised an additional US$15 million in late-2018 in a round led by Venrock, with participation from GV (formerly Google Ventures) and Samsung NEXT. The company said it would use the capital to expand locally and globally, including establishing a US subsidiary led by former executives from Unity and Disney, with additional hires for the Canada office from Ubisoft, EA Sports, Amazon, ESPN, Hasbro, and Zynga.
With 3.2 million transactions and tens of millions of dollars transacted on the platform as of November 2018, the company claims CryptoKitties is the world’s most used consumer blockchain application outside of exchanges.
“We launched CryptoKitties to show the benefits that blockchain technology can bring to consumers,” Dieter Shirley, Dapper Labs’s CTO and creator of the ERC-721 standard for NFTs on Ethereum, said in November.