TokenSets + Fortmatic, the necessary step towards mainstream DeFi adoption
Today marks a very exciting beginning for us at Fortmatic, as we are celebrating the launch of one of our earliest partners, Set Protocol’s new product — TokenSets. It’s been a wild journey since Fortmatic was founded last year. After spending months of hard work building the first version of our product, we were blessed to have met the Set team at the Ethereum Denver hackathon and committed to work together.
Ever since, the Set team has been like family. They believed in us and shared our vision of bringing the best possible user experience to DeFi (Decentralized Finance). They were patient with us through the ups-and-downs, working with us and helping us with invaluable advice on building a successful product.
We are especially thrilled about TokenSets, as it’s an entirely new category of product that is necessary for enabling mainstream adoption of DeFi products. TokenSets is the first of its kind to allow users to enact a portfolio management strategy by simply getting a token. It solves the problem that most people don’t have the time, knowledge, or discipline to properly manage their crypto portfolio. Users would need to constantly follow markets, keep track of prices, and then log into different exchanges to execute trades — failing to do this may cause them to miss out on valuable opportunities.
TokenSets is an incredible feat of engineering and product design, and by also integrating with the Fortmatic SDK, it’s transforming a complex technology…
…Into a point and click experience, where users just need their phone number to interact with the blockchain! No browser extensions or mobile wallets required.
Abstraction is a necessary step to mainstream adoption. TokenSets and Fortmatic together provide this abstraction layer, reduce cognitive load, and make it magnitudes easier for new users to interact with DeFi and start investing in crypto-assets. This is just the beginning — we are excited to embark on this journey with the Set team and can’t wait to see all the innovation following this giant leap forward!
You can also read TokenSets’ launch article here.
If you are interested in learning more about Fortmatic, and integrating with us, make sure to join us in our Discord channel or tag us on Twitter!
