The NFID Wallet SNS launch is live, and for the 150,000-plus users already managing their assets with it, today brings a shift in control. A Web3 wallet that claims to be the easiest to use and hardest to lose is now in the hands of its community, steering clear of the usual corporate grip.
Users now have direct governance through $NFIDW tokens, shaping decisions without a centralised boardroom making the calls. Revenue streams flow into a decentralised autonomous organisation (DAO) rather than padding corporate ledgers. Security and simplicity are the core promises, and the transition to a fully decentralised model aims to cement that further.
Backed by $4 million from Polychain, Tomahawk, Outliers, and others, NFID Wallet enters the scene with an all-green audit and a token model designed for longevity. The ambition is clear: a wallet that does for Web3 what Apple Pay did for mainstream transactions—one place for every chain and every token.
Participation in the SNS is open, with contributors receiving their share of the 2.13 billion NFIDW tokens. A total of 434 million tokens are set aside for distribution, while the broader supply remains locked in governance mechanics. Commitments range from a minimum of 10 ICP to a maximum of 100,000 ICP, ensuring a broad mix of stakeholders. The Neurons’ Fund has an allocation cap of 92,113.80 ICP, but as of now, there’s no commitment from it.
With nine days left before the window closes, 152 participants have already committed 8,992.74 ICP. The minimum direct commitment required is 100,000 ICP, with a maximum set at 350,000 ICP. Whether the final tally reaches the upper limit or not, the shift towards community-driven control is now irreversible. The SNS swap ends on February 9, 2025, at 7:30 PM.
For those who’ve long demanded a wallet that puts users ahead of profit-driven entities, NFID Wallet’s move into an SNS structure is a step in that direction. Whether it succeeds in becoming the go-to decentralised alternative remains to be seen, but the opening act has begun.
