‼️The Problem with Web3

Today, the user experience is poor for online communities trying to engage with Web3 products and services. This has much to do with the segmented nature of the market.

Engaging with Web3 requires users to jump across different platforms. To get involved with a given dApp or blockchain project, a Web3 user might have to utilize:

  • A communications channel like Discord

  • A wallet service like Phantom or Metamask

  • A manual token price monitoring tool like Coingecko

  • A DEX and/or CEX to swap tokens like Binance or Uniswap

  • An NFT Marketplace like OpenSea or MagicEden

  • Community management tools like BlockchainSpace or AxieManagement

  • It’s hard to share, trade, or manage Web3 assets on traditional communication apps β€” leading social platforms offer little-to-no support for users wanting to hold or transfer these assets.

Social platforms generally lack crypto wallets (as well as onboarding and offboarding solutions). When these features are present, they are almost always subject to heavy, centralized control and have limited functionality.

  • For individuals living in regions with restrictive banking systems or volatile national currencies, cryptocurrency makes it easier to participate in the creator economy. This population needs a better social media system.

All-in-all, the current Web3 space requires users to learn how to use a series of disjointed products in order to get a full user experience. This actively dissuades widespread adoption, particularly for non-crypto-natives.

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