Web3/Crypto is a trillion $ industry.

Yet, there are only 18.000 web3 developers.

Hardly enough for mass adoption, right?

But what if there was a company that simplified the creation of Web3 dApps, reducing development time from months to minutes?

Meet @AndromedaProt

The ChallengeBlockchain tech is great; I don’t have to convince you. But, although there is plenty of innovation, there is (still) no mass adoption. Why?One variable web3 development is still difficult. Some challenges are:

Every web3 project needs to create its own UI.

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Smart contract design is clunky, limiting quality, innovation, and, ultimately, adoption.

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Because of this difficulty (and probably our image), web2 developers don’t make the jump to web3.

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‍The Solution

‍Andromeda identified these challenges and decided to build an operating system for creating and using applications on a decentralized blockchain infrastructure called aOS. Developers can create solutions that integrate across projects and chains. aOS supports blockchains running on CosmWasm (I love this word, haha), so the entire Cosmos Ecosystem, Solana, Terra, and some Avalanche L2s can access the full power of the aOS.

Andromeda’s promise: reduce development time from months to minutes.

‍How?

They created Andromeda Digital Objects (ADOs), which are a breakthrough in modular, composable smart contract architecture. They are smart-contract blocks that developers can use via a drag-and-drop UI. Examples of ADOs are staking, Crowdfunding, Storage, Airdrops, and Marketplaces.

There are numerous obvious benefits to such an on-chain operating system (flexibility, efficiency, etc), but IMO, the biggest ones are:

Web3 developers can develop WAY faster and thus innovate more.

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It allows companies to innovate/tinker with web3 tech FAR more easily.

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If you believe that in the future, most transactions will take place - and value is stored - on-chain, the TAM is huge. Andromeda first targets web3 developers, which I think is smart. If they succeed, Andromeda can become the go-to toolset for web3 developers.

This is how I conceptualize it: I built my first website 10 years ago. I had to use WordPress, and if I wanted to move an image, I had to change the code. Always ended up being a sh*t show, haha! I made a new website a couple of weeks ago. Took me an hour because of the tooling layers built on top of traditional web infrastructure.

The Team

‍Andromeda’s ambitions are big. Do they have a team in place that would be able to realize those ambitions? I think they do. There are four core contributors for whom Andromeda isn’t their first rodeo:

Cody Marx Bailey: Co-authored the ERC-721 Non-Fungible Token standard for the Ethereum Chain. (

Drop)

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Brendan Cooper: led technology strategy implementation for tech companies (Great communicator btw)

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Connor Barr: Full stack, Cosm/Wasm, and blockchain integrated web and DApp development.

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Mant Hawkins: Multiple time Founder and CEO in the real estate sector. Also, a TOPGUN instructor. So, that basically makes him the real life Pete ‘Maverick’ Mitchell.

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In total, there are roughly 15 working on/at Andromeda.

‍The Tokenomics:

‍Current Marketcap: 12m

FDV: 490M

Date: 30/01

‍Supply:

* Max number of tokens: (1 Billion)

* I think the strategic sale % is high.

* Validator rewards are pre-mined so $ANDR is not inflationary.

* TGE was in December. Unlocking tokens won’t be much in the first months. After that, there is definitely possible sell pressure (probably not immediately, though because of the uptrend of the market and unlocks and emissions start slow)

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Demand

‍Their tokenomics design might cause some serious buy pressure too. The $ANDR token serves too purposes: to secure the Andromeda blockchain and to fuel the aOS. Especially the second utility makes me bullish. Transaction within the aOS can be done using $ANDR.

Now, the aOS was built with network effects in mind. They already have partnerships with eight of the biggest cosmos chains (come back to this later). Users can pay for ADO’s and applications using $ANDR or the native chain token. If Andromeda succeeds, the aOS will bring more value to the blockchains its built on.

Their Tokenomics model is quite sophisticated. You can read it here

The Adoption:

‍- They have been building for 2 years

- Partnership-wise, the @AndromedaProt  team is nailing it. They are currently integrated with $INJ, $TERRA, $STARS, $SCRT, $JUNO, $ARCH and $SEI,$ORAI and $AXL are coming.

- They also had 700+ testnet applications in 48 hours.Projects such as Jackal and Qwoyn. Terra, Archway, Secret are using their tech.

There is definite corporate interest. The team told me they are speaking with multiple companies.

The Competition

‍To my knowledge, they have no direct competitors.

The reasons 'why not'

‍Let me preface this by saying that I really like this project and am going to invest in it.

That being said, I think their main challenge is the lack of an exciting narrative they can leverage to get eyeballs on the project. But maybe this is just me looking from an investor perspective. The second obvious challenge lies in the adoption of their tech. Can they create a product/market fit and become a primary tool for web3 development?

The road ahead:

‍The Andromeda blockchain is already on mainnet. The aOS is currently in testnet. Their audits are almost ready (late January), and mainnet launch is projected to be somewhere in Q1.

Conclusion

‍There is much innovation happening to make the web3 user experience better. Andromeda could be the innovation that gets the development side of things ready for mass adoption. If ‘from months to minutes’ proves not to be a meme, this project can become widely successful.

My conclusion: gud coin!

How/where to buy? Watch this: https://youtube.com/watch?v=HZJaAUoqZzU

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