This article is sponsored by dappOS.
In the crypto and Web3 space, user experience has become a crucial element in the path to global adoption. Newcomers often complain about how decentralized applications have clunky UIs or are too complex to navigate, and these complaints are valid. Whether you’re putting your hard-earned money to work in DeFi or trying to purchase an NFT, a platform’s accessibility greatly helps in reducing the risk of lost funds due to ‘bad UX and UI’, which could make or break the protocol.
With dappOS, dApps can be just as user-friendly as the applications on your tablet or mobile phone. Designed to lower the barrier of interaction with various crypto infrastructures, dappOS is an operating protocol that allows users to seamlessly access cross-chain applications and perform complex transactions from the comfort of their native chain. Join us as we dive into what dappOS is all about, as well as their latest funding round and plans for the future.
How DappOS Works
DappOS defines itself as a "Web3 operating protocol”, offering its own set of solutions to the pain points of the current user experience of Web3, which can oftentimes be confusing and unintuitive to the casual user. Specifically, dappOS completely abstracts the concept of different blockchains, providing users and dApps with a more friendly and complete operating system.
The two core features of dappOS are the dappOS Account and dappOS Network. These two key innovations are instrumental in creating a seamless user experience for newcomers as well as veterans in the crypto space.
dappOS Account
In the newly released article "The Three Transitions", Ethereum’s founder, Vitalik Buterin mentions that "I have ETH in four places, and as time goes by, this will become more complicated." According to Vitalik's vision, having multiple addresses will bring more complexities and challenges to the crypto world in the near future.
Source: dappOS
As such, the introduction of the dappOS Account may be able to solve this problem by providing users with a "total account" applicable to all dApps across different networks. The total balance on the dappOS account can be used in any supported application with a single click. In addition, since dappOS Account uses a smart contract wallet instead of an EOA (External Owned Account), there are multiple recovery methods if a user loses their seed phrase.
dappOS Network
Secondly, the platform’s own dappOS Network allows for seamless connectivity between the various networks currently available in the crypto space. User transactions can be processed and verified automatically across dappOS’s supported networks, regardless of the number of transactions or whether they occur simultaneously.
In the example mentioned previously, the ETH tokens on 4 chains - Ethereum mainnet, Optimism, Arbitrum, and Arbitrum Nova are all held in the dappOS Account. Users can freely use their ETH token on any chain regardless of which chain these assets are currently on. After initiating a set of transactions that are confirmed by the user’s signature, they will be automatically processed by dappOS Network. Behind the scenes, the assets will be transferred to the corresponding chain, where other transaction fees, such as gas fees, will be automatically converted and deducted.
The core logic behind this is that dappOS batches and executes each interactive order initiated by the user through their network of service nodes, where each order can include multiple nodes to improve transaction efficiency.
Source: dappOS
As a security mechanism to prevent bad actors in the dappOS Network, service nodes receiving an order must pledge a certain amount of funds before "accepting the order", where they can earn fees for executing a user’s transaction. However, if the order is not executed, the pledged funds will be used to compensate the user.
Current Progress and Roadmap Ahead
Since its inception in October 2022, dappOS has gained considerable traction in the crypto space, attracting over 10,000 users and executing over 100,000 transactions. The platform has also collaborated with over 20 DeFi projects, such as GMX, Quickswap, and Perpetual Protocol, while supporting 10 different networks, including Polygon, Arbitrum, and Kava.
In November last year, dappOS was one of twelve projects selected to participate in the fifth season of Binance Labs’ Incubation Program. In July 2023, dappOS announced the closing of a seed funding round led by IDG and Sequoia China at a $50 million valuation and backed by other leading crypto venture firms such as OKX Ventures, Hashkey Ventures, KuCoin Ventures, TaiHill Ventures, Symbolic TronDao Ventures, GateLabs Ventures and others. In the previous month, the team had just received a pre-seed investment from Binance Labs.
The investment will go towards developing the second iteration of the platform, dappOS V2, which includes product development, growth initiatives, and expanding its presence across various regions. The launch of dappOS V2 will allow crypto users to fully utilize dappOS with improved features, along with enhanced security, decentralization, and superior user experience.
Source: dappOS
DappOS V2
One of the key features of DappOS V2 is unified accounts that combine the total value of their assets across various networks and utilize them on any dApp of any chain, just like in a centralized exchange. Once the funds are deposited, there is no need to distinguish which chain the funds are deposited on. For example, let’s assume that a user’s dappOS wallet balance is made up of 50 USDC on Ethereum and 50 USDC on BNB Chain. That user will only need to sign a single transaction to use their entire 100 USDC balance, either on Arbitrum or Avalanche, without the need for bridging their funds or paying transaction fees on different networks.
Source: Medium
Besides that, DappOS V2 will provide support for completing multiple sequential or parallel transactions across various blockchains with a single signature without having to switch wallets and networks. From cross-chain bridging to cross-chain yield farming, users just have to confirm a signature once, and dappOS will automatically execute each step of the transaction.
Source: Medium
Last but not least, DappOS V2 will also include a new bidding and billing system for service nodes to encourage healthy competition and allow them to adjust their transaction fees to earn more revenue during times of peak demand.
Source: Medium
While DappOS V2 is still early in its development, the team has outlined a comprehensive roadmap for the near future, which includes extensive testing with their current partners before allowing external projects to integrate with the platform. After officially opening the platform to the public, DappOS will look toward decentralizing the protocol’s mechanisms and services, which will include the launch of the dappOS token.
To learn more about dappOS, you can check out their website here. Links to their social media and protocol integrations can also be found on their Linktree here.
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