When I first started researching Serenity Shield a month ago, I was excited about the prospect of what this product represents in the space - a real life solution to safeguard digital assets in the event of a lost wallet seed or secret phrase, personal tragedy, or death. As far as I can see, this project is a first mover which allows them to stand out in a crowded marketplace.
From just one month ago, the number of followers on the socials has grown considerably (see below):
- 13K to 20K on TG
- 14K to 27.5k on Discord
- 51.5K to 81K on X
I suspect once the product is launched and used successfully, the community will continue to grow.
The project offers multiple revenue streams including:
- Safe-guarding of information: One-time fee of 50 USDC
- Active Strongbox subscription: 1.99 USDC per month
- Information retrieval: One-time fee of 25 USDC
They are also backed by a strong team including their CEO Venket Naga who has nearly 19 years of leadership and IT experience and a comprehensive team of advisors and business developers. Backers and partners include Hacken (which lends security credibility) and Kairon Labs.
With a product like this, security is of the utmost importance, and as my fellow analyst has explained, they have a unique fragmented key system which utlises NFTs to ensure that bad actors will be unable to access sensitive information, even through collusion attacks.
I plan to use this product so will do a product review of it soon. Show Less
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