Wallet Solution: Why We Built Stardust Vault
As the economy downturns, the outlook for promising startups like Stardust, my company, might be mistaken by outsiders as worrisome. Companies that were once thought to be at the height of their existence during the pandemic have now laid off up to 20% of their workforce in the past few months. While these corrections in the market should be a signal for companies to cut costs and focus on their core business – knee-jerk reactions to economic instability are emblematic of short-term thinking rather than long-term goal setting. In my humble opinion, hiring talent should be viewed as similar to dollar cost averaging, and not visceral reactionary moves based on VC-funded leverage.
I’m an optimist in times of downturn because it signals that unsustainable growth is being corrected and what lies ahead is consistent and sustainable growth. For Stardust’s seed funding round, our first VC meeting was on the exact day at the start of the pandemic that Bitcoin crashed below $4,000 – what an experience. As Harvey Dent puts it so expertly in the Dark Night, “the night is darkest just before the dawn”. Those that continue to persevere through this “winter” and beyond should always remember that the road to success almost always goes through a place called failure; something that you’ll always hear but never believe until experienced.
At Stardust, we are building the foundational layer for the future of gaming. Not another game, not another blockchain, but a software layer that allows game developers to build faster and more effectively on the blockchain of their choice, while easily scaling to millions of daily active users. As I’ve written above, everything that we try to accomplish has far reaching implications; an issue that must be solved for billions of players to play blockchain based games is security of wallets and private key storage.
The Stardust Vault is our improved solution on how user private keys are currently stored in-game. Instead of non-custodial, or semi-custodial, the Stardust Vaults are fully-custodial, secure, tamper-proof, and internationally compliant. We’ve architected the Stardust Vault to leverage internal workflows to be the most-secure and compliant fully-custodial solution for game developers on the market today.
From a gamer perspective, they won’t see a Stardust Vault, but it makes their in-game interactions with NFTs smooth and safe. When a gamer picks up or discards an NFT, the Vault safely and securely processes that transaction in an instant, allowing the gamer to continue on their journey without having to wait for the game to catch up.
As we at Stardust look ahead, our focus is on durability and sustainability. We seek to find new and creative ways for reaching our customers, putting the Stardust Vault and our other capabilities into the hands of those who need it. Our goal is to transition the next billion players from web2 to web3, the Stardust Vault is one of our key stepping stones to get there.
To learn more, you can schedule time with our sales team here.