Introduction

FFreed is a comprehensive Low Code Web3 development kit, enabling developers with minimal blockchain experience to effortlessly create Ethereum-based applications. With FFreed, building on the blockchain has never been easier.

Premis

  • In Q1 2024 the dapp industry saw an increase of 77% in its usage, in comparison to the previous quarter, reaching 7 million daily Unique Active Wallets.

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  • Blockchain games leads the Web3 industry, accounting for 30% of all the dapp activity and attracting 2.1 million active wallets every day.
  • Gamers are using web3 a lot, growth in 2024 itself is

What the issue is?

  • Is onboarding too hard? Crypto adoption still faces major obstacles
  • Fortune 500: A survey of 200 Fortune 500 executives has lit up the march of blockchain technologies and how prolific they will be in the near future, 95% of the interviewed companies are using/experimenting with blockchain ( - BeInCrypto )

What do we offer?

  1. Simplified User Management:
    • We provide a streamlined user management experience through our social sign-in feature. This enables users to easily register and access your web3 platform without the hassle of managing private keys.
  2. Cost Efficiency with Gas Abstraction:
    • Gas abstraction enables users to engage with your protocol without the need to manage a gas balance or worry about any gas fees.
    • Additionally, it helps to reduce gas fees overall by bundling transactions sent on-chain, thus saving on overhead fees.
  3. Enhanced Security Measures:
    • Developing your own smart contracts entails significant costs and the risk of vulnerabilities. We utilize standard contracts for our solutions, reducing the need for costly contract audits.
    • Moreover, our approach ensures that user accounts are not merely private keys but are smart contract accounts capable of accommodating multiple signers. This empowers users with multi-factor authentication for each transaction they initiate.
  4. Easy Integration:
    • Seamlessly integrating FFreed with your existing centralized solutions is straightforward. We offer a comprehensive SDK that includes all the necessary features for building your protocol.

Real-World Applications:

Here are some real-world applications where FFreed can be utilized:

  • Developing a rewards token management system entirely on-chain.
  • Maintaining video game skins on-chain.
  • Creating a voting mechanism for your project, enabling users to vote on matters such as company policy changes or the next project to be launched.
  • Building a crypto wallet? Absolutely! While you can use FFreed to construct a comprehensive crypto wallet, we've already built one ourselves. Check out our fully-fledged crypto wallet at https://wallet.ffreed.xyz

How do we do it?

We've built SDK and services to do all the heavy lifting for you, this includes features like

  1. Account Abstraction: Account abstraction aims to improve the user experience of Web3 wallets by separating the control of funds from the execution of transactions. We do this by introducing standard programmable smart contracts as wallets, which allows assets to be held exclusively by smart contracts rather than externally-owned accounts (EOAs). Account abstraction has many benefits for Web3 users, including:
    • Secure wallets without seed phrases
    • Friendly wallet protection and logins
    • Elimination of seed phrase reliance
    • Social Wallet recovery
    • Customized user permissions
  2. Gas Fee Sponsorship (Paymaster): We offer gas fee sponsorship services on compatible chains, alleviating concerns for developers and users regarding the possession of native gas tokens when engaging with various protocols across different chains. Additionally, leveraging Paymaster services enables users to immediately interact with your protocol upon signing up, streamlining the user experience.
  3. Social Login: Instead of managing private keys, users can log in to their accounts using their existing social media credentials. This feature leverages OAuth or similar authentication protocols to enable seamless access to blockchain-based services without the complexities of managing cryptographic keys. It offers convenience and familiarity for users accustomed to social sign-ins, while still maintaining security through the underlying Multi party computation infrastructure.

Business Impact:

Cost Efficiency:

  • Traditional Approach: Hiring blockchain developers ($40,000 - $80,000 per developer per year), prolonged development cycles.
  • FFreed Solution: No need for specialized blockchain developers, significant cost savings.

Accelerated Time-to-Market:

  • Traditional Approach: Talent scarcity and prolonged launches.
  • FFreed Solution: Swift deployment and rapid iteration capitalize on market opportunities.

Streamlined Development:

  • Traditional Approach: Complex smart contract logic, lengthy development cycles, need to audit the contracts which adds on to cost and time.
  • FFreed Solution: Pre-built smart contracts and streamlined user management accelerate development.

In summary, FFreed offers substantial cost savings, faster time-to-market, and streamlined development processes, making it the preferred choice for businesses looking to innovate in the Web3 space.

Conclusion

FFreed simplifies Web3 development with a user-friendly toolkit tailored for Ethereum-based applications. It offers streamlined user management, efficient gas abstraction, enhanced security, and easy integration, allowing developers to focus on innovation rather than wrestling with blockchain intricacies. Whether handling rewards tokens or setting up voting mechanisms, FFreed provides adaptable solutions for real-world applications. Through features like account abstraction, gas fee sponsorship, and social login, FFreed ensures a smooth and secure user experience.