Blue Studios, Unstoppable Domains Roll Out Family Crypto Wallets

Blue Studios has announced that they are launching their website on Thursday. Wallio the Wallet is a family crypto wallet that is not custodial. The product stems from the company’s partnership with Unstoppable Domains, a Web 3 domain provider.

Unstoppable Domains’ Sandy Carter told CoinDesk in a phone interview that the goal of the shared wallet is to promote “multigenerational diversity” through a product that comes with tools to educate children and grandparents alike.

Wallio will offer a shared crypto wallet for families who sign up prior to its third-quarter launch. This wallet can be used to deposit or receive digital assets. One member of the family will create a profile. The family can then add up to six additional accounts.

Carter said the tie-up with Unstoppable Domains lets family members create individual addresses with a name rather than a sequence of numbers, to prevent “getting rugged by typing in long addresses.”

Cryptography for families

Wallio isn’t the first family-oriented crypto wallet. EarlyBird, a family investment application launched EarlyBird Crypto in January, a crypto extension of its original product for families to deposit digital assets into their children’s accounts.

Wallio is different in that it prioritizes education on digital assets. Blue Studios will be implementing its play-to earn and learn–to-earn technology, where families can play games to earn ether (ETH) and complete modules. According to the website so far, 3 Ethereum have been awarded.

Family access to a cryptocurrency wallet raises questions about who has the right to decide what assets are sent or received. Wallio will not only allow family members to control who can access it, but also allows them to establish a Family DAO.

The Family DAO, inspired by a listener of Carter’s Twitter Spaces, will allow families to create a governance token for members to vote on measures pertaining to the wallet. This includes deciding which tokens you should invest in and what non-fungible tokens (NFTs), to buy.

“There’s 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 decentralized autonomous organizations (DAOs) and learn by doing.

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