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Gridlock Crypto Wallet Grows Userbase By Thousands
Gridlock, a new crypto wallet app, experienced a growth of over 12 thousand users in the space of one week in November.
Launched in late September 2021, Gridlock provided a mobile crypto wallet which claims to provide the highest security for any wallet on the market. The iOS and Android app features a key splitting technology which gets users to split their private key into 5 and distribute it between their friends.
The app was built on Ethereum and users could only transact with ETH in the first 2 months, but the excitement began to build around the announcement of Solana storage from the pioneering startup. Alongside SOL was a highly anticipated NFT gallery which made waves in the NFT community. Gridlock reports that 80% of the new users they acquired came from in-app referrals.
As the user base grew rapidly, several technical issues arose for the developers who were not expecting such a sudden spike. The servers experienced some crashes and some users were not even able to generate a wallet address, removing the core functionality. With an army of new users to please, Gridlock ensured that everything would be fixed and development would continue.
With the Solana and NFT launch around the corner, Gridlock decided to do a giveaway of 1000 free NFTs to those who signed up to a waitlist. This cemented them as a go-to wallet for many crypto enthusiasts, even if support for other tokens has not been developed yet.
There is a long way to go before Gridlock can rival industry titans like MetaMask, but the security is there and the features will follow.
Gridlock can be downloaded for free here: https://gridlock.page.link/