Setter is a smart contract wallet designed to facilitate seamless transactions between web2 and web3 platforms for mainstream users. By simplifying the user experience and enhancing security, Setter enables individuals to engage in decentralized commerce without the complexities typically associated with blockchain technology.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Current Web3 wallets often present a complex user experience, creating a barrier to entry for mainstream users accustomed to the simplicity of Web2 applications. This complexity hinders the adoption of decentralized commerce and limits the potential reach of Web3 technologies.
Solution
Setter provides a smart contract wallet designed to simplify transactions between Web2 and Web3 platforms, aiming to bridge the gap for mainstream users. The wallet abstracts away the complexities of blockchain technology, offering a user-friendly interface that resembles familiar Web2 applications. By enabling seamless interaction with both traditional and decentralized systems, Setter facilitates wider participation in the Web3 ecosystem. The platform utilizes a dual-token system with $STR (ERC-20) and Setter Pass NFT (ERC-721) for rewards and access, and leverages tokenbound accounts (TBA) for customizable digital assets.
Target Audience
The primary target audience includes mainstream users who are new to Web3, as well as brands looking to engage customers with exclusive products and limited edition drops through Web3-powered commerce.
Features
- Smart contract wallet designed for seamless Web2/Web3 transactions
- Dual-token system: $STR (ERC-20) and Setter Pass NFT (ERC-721) for rewards and access
- Tokenbound Accounts (TBA) for attaching and customizing digital assets
- Multichain support via LayerZero's OFT standard, enabling bridging across EVM chains like Polygon, Base, and Blast
- Focus on partnerships with streetwear, sneaker, fashion, and luxury brands