From family reunions to family DAOs.
Blue Studios on Thursday announced the launch of Wallio, a crypto wallet for non-custodial families. The product comes from the company's partnership with Unstoppable Domains, a Web 3 domain provider.
Sandy Carter of Unstoppable Domains told CoinDesk in a phone interview that the goal of the joint wallet is to promote "multigenerational diversity" through a product equipped with tools to educate children and grandparents alike.
Families who sign up before Wallio launches in the third quarter will be able to create a shared crypto wallet to deposit and receive digital assets. One family member will set up a profile and can add up to six additional accounts for the other family members.
Carter said working with Unstoppable Domains allows family members to create individual addresses with a name rather than a string of numbers to prevent them from getting "tangled up" entering long addresses.
Crypto in the family
Wallio is not the first family-oriented crypto wallet. Family investment app EarlyBird launched EarlyBird Crypto in January, a crypto extension of its original product for families to deposit digital assets into their children's accounts.
Wallio differs, however, in that it primarily focuses on digital asset education. Blue Studios will implement its Play-to-Earn and Learn-to-Earn technologies, where families can play games and complete modules to earn Ether (ETH). According to the website, 3 ETH have been earned so far.
Family access to a crypto wallet raises the question of who gets to decide what assets are sent and received. Wallio not only allows users to specify which family members can do so, but also offers the option to set up a Family DAO.
The Family DAO, inspired by a listener of Carter's Twitter Spaces, will allow families to create a governance token that members can use to vote on actions affecting the wallet. Such actions include which tokens to invest in or which NFTs to buy.
"There are a lot of people talking about Web 3, but not a lot of people doing it," said Carter, who hopes to inspire families to set up shared wallets and DAOs and learn by doing.