Type: Protocol
🎲 It is common nowadays for a person to have several apps in their phone for different purposes. They require several accounts and possibly even several different payments. On top of that, the app software industry is dominated by large digital companies. Cardstack wants to change that by creating a decentralised software ecosystem for the mass market. In that ecosystem, Cardstack will create a layer where the apps - or dApps (decentralised apps) - are stacked in a way that they can communicate and interrelate with one another. Moreover, Cardstack wants the layer to be easy to use, easy to build on, and that allows anyone to build on it. As a creator, you are not programming a stand-alone app but different cards that can be used by other creators as well while getting paid for the usage of your cards.
🚀 Clues for:
- Cardstack’s idea is fairly unique: even though there are operators doing slightly similar things, none of them use Cardstack’s modular approach and format or are in direct competition with the project.
- Cardstack has a big, solid team with members that have professional experience both in blockchain as in other areas, and have strong academic backgrounds.
- There is hype around Cardstack and it has received great review ratings.
- With Cardstack’s payment system, the buyer doesn’t need to be familiar with crypto or hold it. They can purchase the CARD tokens with fiat money.
🚫 Clues against:
- Cardstack is depending heavily on the assumption that people are tired of multiple apps that don’t interrelate, and are hoping for a change to this traditional option. Is there demand for this?
- They are claiming that they want to get the apps out of the traditional silos, but with their platform are basically offering a different place to hold all the apps. Again, is there a need for this?
- Cardstack hasn’t yet announced any major partnerships or VC funding.
- Cardstack doesn’t mention anything about their revenue stream, which leaves us wondering if the have a business plan on how to keep a steady stream after the ICO funding.
👆 The case has been solved!
Cardstack seems really interesting: It’s an exciting project with a unique idea. It’s certainly taking the decentralisation and user friendliness of the dApp sphere to another level, and giving the users more power to participate themselves. However, the question remains whether there is actual demand, and thus users for the final product. We know we will be on the edge of our seats watching if Cardstack will carry out their vision and take us into the future of decentralised peer-to-peer app ecosystem with blockchain.
📈 RATING: 82/100
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