Problem

Do you still remember how long does it take for you to execute the first on-chain transaction since the creation of your wallet address? For me, it takes me 2 months... And around 80k new ETH addresses are created everyday. But the ETH daily active users dropped from 500k to 400k in the past year. It makes me wonder:

What stopped those new users from starting their first on-chain transaction?

After interviewing many new wallet users, i think there is a lack of products to guide these new users to start their on-chain transactions.

How can sofamon help

Sofamon is chrome extension assistant which can help you explore ETH in an easy and fun way, it has many skills including:

• Check token price
• Low gas fee alert
• Crypto website navigation
• ...

And we think ENS register should be the first transaction for new wallet users to do in their crypto adventure. Sofamon will remind these new users to register their ENS name if they don't have one and help them navigate to ENS website when the gas fee is low!!!

Besides this, Sofamon is also a dynamic NFT which evolves with your every on-chain transactions. It can visualize your on-chain activities by wearing different NFT wearbles. Right now, every ENS owner can get a ENS hoodie NFT for free! Let's get one and dress up your Sofamon!

The future

Sofamon aims to unlock the value of interaction with blockchains. We start the mission by helping new users engage with those existing native crypto protocols. Next, we will design our own protocols to attract more users to go ON-CHAIN based on the existing Legos such as ENS.

We hope to use this 1 ETH to start our own protocol development based on ENS and let more users start their first on-chain transactions.