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Home»Blockchain»Web3 consumers: chain abstraction is the greatest need of the moment
Blockchain

Web3 consumers: chain abstraction is the greatest need of the moment

2024-07-03No Comments5 Mins Read
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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of the crypto.news main article.

In the rapidly evolving landscape of web3, a common misconception remains among developers and startups: that choosing blockchain is the biggest concern for users, or that adhering to web3’s Northstar ethos and guiding principles. An example of this is the social network web3 or the ‘decentralized’ social network.

You might also like: Web3 adoption would be impossible without intuitive UX and convenience | Opinion

The original selling points of many decentralized social networks were ownership of user data. While I believe this is the case for web3 social networks, the hard truth is that in order to gain wider adoption of decentralized social networks, most users don’t care about data ownership or setting privacy settings for what is shared and what is not. Facebook/Meta largely does this, but it took a while to implement.

To achieve mass adoption, decentralized social networks must not only champion the ideals of web3, but also address the everyday usability that centralized platforms have created. This shift requires a new approach that takes into account both technological innovation and user behavior.

While hardcore early adopters of web3 may be ‘buying in’, the rest of the users (web2 or web3) aren’t concerned about which chain or how easy it is to get data from one network to another. As a result of this false Northstar, what often happens is a disproportionate focus on the technical underpinnings of decentralized applications (dApps), at the expense of user experience (UX) and engagement mechanisms. However, as web3 matures and strives for mainstream adoption, it is becoming increasingly clear that the average consumer cares less about the blockchain infrastructure and more about the seamlessness of the user interface (UI) and the tangible rewards on offer.

See also  Blockchain can transform the real estate industry – if we remove the obstacles in its path

Frictionless UX/UI experience: the cornerstone of web3 adoption

The success of any consumer-facing app, be it web2 or web3, depends on its usability. In the web3 space, where the learning curve can be steep and the technology is complex, providing a frictionless UX is not only desirable but essential. Users are attracted to applications that offer intuitive navigation, fast responsiveness and a sense of familiarity.

Think of popular web2 platforms such as Instagram or Spotify. Their success is largely attributed to their clean, easy-to-use interfaces that make interactions simple and enjoyable. They fulfill the innate human need for communication, sociability and sharing experiences, making them an integral part of users’ daily lives. They adapt to emerging trends, user feedback and technology updates to improve user experience and maintain relevance. Web3 apps should follow the same principles. Users should be able to interact with dApps without the need for an in-depth understanding of the underlying blockchain technology. Wallet integration, transaction processing and asset management should be as seamless as logging into an email account.

The power of incentives: tokens, whitelists and status

Besides UX, the incentive structure is the driving force behind user engagement with web3 applications. Gamification and reward mechanisms play a crucial role in attracting and retaining users. Tokens, whitelisting capabilities, and OG status are powerful tools that can increase user loyalty and participation.

  • Coins: Users are motivated by the prospect of earning tokens that have real value. These can be used, traded or leveraged within the app for additional benefits. Clear, feasible routes to earning tokens can significantly increase user activity and retention.
  • White lists: Being whitelisted gives users exclusive access to new features, beta testing, or upcoming token sales. This sense of exclusivity can create a strong community of early adopters and advocates who feel a deeper connection to the project.
  • OG status: Rewarding early and active users with OG status recognizes their contribution and loyalty. This status can come with unique benefits, such as special badges, access to private channels, or enhanced earning opportunities, promoting a sense of belonging and importance within the community.
See also  Midnight Foundation Joins Project Catalyst to Drive Web3 Privacy Innovation

Combined with the Discord, Telegram and

From a user POV: Engagement, retention and revenue are king

As the web3 ecosystem grows, the focus should shift from the technical benefits of different blockchains to the user experience and engagement strategies. Users are more concerned about how easy it is to interact with the app and what they can gain from using it, rather than the specifics of the underlying technology.

For web3 startups, the path to success lies in designing dApps that prioritize seamless UI/UX and implement attractive reward mechanisms. By integrating with social platforms such as Discord, Telegram and Twitter/X, they can further improve user engagement, retention and revenue. By doing this, they can ensure that their applications not only attract users, but also convert them into loyal, active participants. Ultimately, the chain may drive the app, but it’s the user experience, rewards and social integration that will drive adoption.

Read more: Web3 adoption would be impossible without intuitive UX and convenience | Opinion

Robert Kao

Robert Kao is the co-founder of Plato. He has a background and experience as a seasoned consumer mobile developer as Rob began his career as the first mobile developer for a multi-billion dollar investment bank. In 2008, Rob founded his first mobile security company with his co-founder Dante Sarigumba (developed Find My iPhone-like features for Android and BlackBerry). In 2011, after the departure of the first startup, Sarigumba, Kao became a serial founder. Plato Protocol is Rob’s third startup with Dante Sarigumba, with whom he co-authored numerous technical books published by Wiley and Apress.

See also  Bank of England makes crucial programmability of blockchain central

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