W3P: ptsETH - Points DeFi primitive
Blog iconPaymagic Labs
Feb 29
Problem - Points are being adopted by many apps and protocols but users have little assurance they’ll ever lead to an airdrop. We need a trust system. Enter ptsETH - Projects lock up some amount of stETH, enter a claim date, and the contract issues a non-transferable $POINTS ERC20. The project has authority on the $POINTS contract to mass mint tokens (but not burn) to distribute points. Should be on a cheap L3. The project continues to build and grow its loyal user base. Before the claim date...

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PRD: DustSweeper (🧹,🧹)

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Introducing Patch Wallet

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Introducing DustSweeper v2

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n00b wallets

W3P: Optimistic Txs for DAOs

W3P: Optimistic Txs for DAOs

PRD: Paymagic 💸✨

PRD: Paymagic 💸✨

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Blog iconPaymagic Labs
Dec 29
W3P: Onchain Points App
A permissionless app where any project can sign up and distribute points to any account on any chain. Here are the rules:Contract is OwnableOwner can hand out points via cumulative merkle drop, updated as they see fitUpdates can be manual or automated based on onchain activityPoints can't be taken away, only givenPoints can't be transferredOwner can burn all points and convert to token/NFTs in one-time eventSimilar to Snapshot (see mockup), this would be a public good that any proje...
W3P: L2 Starter NFT
Blog iconPaymagic Labs
Nov 1
With the number of L2s growing, it’s a pain to bridge new native tokens to each new chain to start using it. We need an L2 Starter NFT mint site…available on any chain…where you input the destination chain and address to send native tokens to. Site takes a small fee but otherwise passes NFT costs back to you on the destination chain. Pay for this NFT with crypto or credit card. Can be centralized, given most txs would be a very small amounts. NFT is for novelty and possibly future airdrops. W...
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Blog iconPaymagic Labs
Jul 18
W3P: LLM Dog collars
A dog collar with for expanding the communication spectrum between human and dog…stay with me...like a universal translator across species. 🐕🤝🚶‍♂️ A dog collar with iPhone-level sensors, a built in LLM, a Pez dispenser for giving treats (positive feedback), and shock collar (negative). The microphone and LLM is trained to the owners voice and recognizes common commands like "Come", "Down", "Go outside, pee, and come back in", etc and administers positive and negative feedback to train the ...
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Blog iconPaymagic Labs
Jun 7
Introducing Usernames.club
At Paymagic Labs, we pride ourselves on spotting emerging Web3 use cases and helping them mature and grow through our writing, hackathons, and products we launch.SummaryOur latest project is Usernames.club which gives a Community Namespace like .eth / .lens / .sol / etc to any crypto L2 rollup, DAO, or community that wants one. These are UsernameNFTs, a new sub-sector of the NFT space. All names are interoperable with ENS via CCIP Read at usr.id but recurring revenue from the NFTs flows back ...
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Blog iconPaymagic Labs
Mar 29
W3P: A-Line
Mobile app that connects multiple people in line for tickets, food, swag, etc. When you’re near the front of the line, you create a new “order” in the app via taking a selfie (for accountability) and sharing with the people around you that have the app open. People can then add to your order (“2 cokes, 1 🌭, 1 🍕”) & send payment up front in the app. Item amount + tax + a 5% fee for the orderer + 3% for the app. Funds are held in escrow and released once everyone signals the order has been di...
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Blog iconPaymagic Labs
Feb 27
Introducing Patch Wallet
Patch Wallets aren't your typical wallet; you don't download an app or install an extension… Every twitter user, email, phone number…any human...or bot 🤖...has a wallet automatically that only they can access. No onboarding or custodian required. You can view your wallet today at app.patchwallet.com and claim your Patch NFT. You’ll want to be early frens… 😉1 Billion web3 wallets 🌎Our mission is to onboard 1 Billion users into Web3. To do that, we’re taking a radically different a...
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Blog iconPaymagic Labs
Feb 10
W3P: Earnout Airdrops
The moment most users receive an airdrop, there's a natural trigger to sell some or all tokens. Crypto users have been trained to lock in some gains. It's innate to humans. Earnout Airdrops are tokens that vest over time, rather than all being liquid on Day 1, removing the sell trigger at first. Safe DAO implemented a linear vesting model for $SAFE, and more complex models could be built on streaming protocols like SuperFluid. Moreover, to continue vesting, users need to hit certain...
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Blog iconPaymagic Labs
Feb 10
W3P: ZK Invoice
Crypto auditing firms, dev shops, design agencies, Service DAOs, and many other organizations are now getting paid on crypto rails through tools like Request Finance and Utopia, but many don’t want their pricing or treasury fully visible onchain. Imagine an invoice site that generates and sends a PDF invoice with a temporary escrow account, likely a Safe, on the backend to receive funds from the client. Payment schedules (50% upfront/50% upon completing, week-by-week, etc) are codified in and...
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Blog iconPaymagic Labs
Jan 20
W3P: EternalLove.ai
A bit morbid but… Imagine feeding AI all texts, photos, video from your significant other or family member. Then you can “FaceTime” them eternally asking for advice, sharing a funny story, seeing your kids, spending holidays together, and being there for your biggest milestones in life. They’ll never be gone to you. Like they are on a work trip. But preserved in silicon. 😳 Apparently there’s a Black Mirror episode with this idea.Web3 Pitches (W3P) are short product write-ups that describe an...
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Blog iconPaymagic Labs
Jan 18
W3P: Dall-E MadLib NFTs
5,000 NFTs are up for a free mint with 1,000 each in the following categories: animal, activity, head wear, art style, and color. 1 mint per wallet. Once a wallet has 1 of each category (they must trade for them) they can combine them into a Dall-E prompt and mint the resulting image into a PFP. "A dog wearing a viking helmet goes surfing, in blue digital art style" "A horse wearing a beer helmet plays pool, in green cypherpunk style." Then you can repeat with different types of attributes, d...
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Blog iconPaymagic Labs
Dec 15
W3P: Web3 Political Donation Machine
In the fallout of FTX and growing usage of stablecoins+NFTs+DeFi, US politicians will start debating and voting on crypto and digital asset policy over the next year. SBF showed that donations matter in Washington and can meaningfully move crypto policy, for better or worse… So what would an open web3 political donation machine look like that embraced the real-time payments, radical transparency, and audibility that Web3 technology uniquely offers?Give every member of Congress a wallet via a ...
W3P: Content Collectors
Blog iconPaymagic Labs
Dec 9
Take any url and make an NFT that’s collectable with a stylized design. Could be a cast, tweet, blog, news article, etc. and each collect costs $1. Author gets 70% of payments + 2ndary sales, protocol 20%, and first 10 collectors split 10%. Being early counts! 💰 First 3 collectors get special edition and royalties 🪙 Top 10 get early adopter version and smaller royalties 🥂 Top 100 get “tastemaker” version 🧐 Everyone else gets “collector” version Users collect to be early (“First”), specula...