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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Blue chip NFTs sink double digits as ETH retreats from record highs

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    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    PENGU token loses 20% in August amid Pudgy Party game launch

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

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    Climb the SCOR Invitational Leaderboard and Earn Bigger $SCOR Airdrops

    Climb the SCOR Invitational Leaderboard and Earn Bigger $SCOR Airdrops

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    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

    Pudgy Penguins and Mythical Games Launch Pudgy Party Game

    Pudgy Penguins and Mythical Games Launch Pudgy Party Game

    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

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    GaFin Joins Cyber Crash to Advance Web3 Gaming

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Play Solana to ship handheld gaming device in October

    Play Solana to ship handheld gaming device in October

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    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

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    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
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    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

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    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Web 3

Unveiling the seamless future of blockchain applications

January 30, 2024
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Unveiling the seamless future of blockchain applications
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IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

Enhancing Security in Online Gambling with Blockchain Technology

Have you ever manually chosen between Azure and AWS when browsing X – or picked a payment processor to reroute your online Apple Pay transactions to? Do you check the SSL certificate of AliExpress or Amazon to make your shopping more secure?

Great technology is invisible. Steve Jobs had it right years ago when he called for prioritizing the intersection of technology and the humanities. Still, when it comes to blockchain, it is quite the opposite.

Lost in the debris of wallets, exchanges, bridges, tokens, and smart contracts, Web3 seems to be wandering in circles, retracing its steps. In an endeavor to innovate, it’s missing the opportunity to address the fundamental needs of consumer experience: ease of use, reliability, intuitiveness, and seamlessness.

Technology-wise, blockchain has advanced sufficiently; it’s time to build a convenient application layer.

Poor UX Causing Retention Drop

According to a recent report by Sequoia Capital, the median one-month retention rate of incumbent tech apps is 63%. Ethereum dApps barely make it above 16%.

To those who pay attention to UX research, it is hardly surprising. Blockchain users are consistently less satisfied than their off-chain counterparts, with only a third of dApp activities completed in less than ten minutes and negative reviews constituting a majority for Web3 applications on the App Store. Nearly 90% of consumers abandon mobile apps because of a poor user experience. Yes, a small segment of your audience may prioritize decentralization and Web3 ethics, but generally, speed, ease, affordability, straightforwardness, and intuitive interfaces come first.

See also  5G Tester Market | Web3Wire

A slew of layer-2 solutions like optimistic rollups or zero-knowledge validity proofs attempt to tackle scalability concerns, extracting value from transaction ordering, fluctuating transaction costs, and slow execution times. This is an important advancement regarding the technical illnesses of blockchain. Still, implementing layer-2 blockchains doesn’t fully solve the problem’s other application layer-related elements. User-centric dApps are few and far between, which is a severe blow to the ecosystem.

While a blockchain fan might be persuaded that the ends justify the means, an average user with no technical background will likely discard the technology should they struggle with the interface. Otherwise, centralized exchanges wouldn’t have dominated the industry – why open a custodial wallet if you have cold ledgers, private keys, and peer-to-peer or decentralized alternatives with more sovereignty and security, especially post-FTX?

And yet, centralized exchanges currently account for 91.4% of spot trading volume and almost 98%, including derivatives, meaning that the average consumer values usability more than security.

Add to this a steep learning curve, a need for intuitive and thorough introductory guides, and various possible failure scenarios, and it becomes clear where the skepticism toward blockchain stems from. For instance, Robinhood, one of the most popular trading apps in the US, doesn’t support USDT but allows opening USDC wallets and sending Tether to exchange-held accounts, which is not available to ordinary users.

However, a less-adept customer will figure out the difference between the stablecoins only on page 3 of the FAQ – after their funds are already irrevocably burned. While developers may advance new scientific frontiers in zero-knowledge proofs, this will unlikely persuade such a user to continue dealing with crypto.

See also  Mastercard’s Start Path Welcomes Five Startups to Develop Blockchain Use Cases

Building from the Ground Up: A User-Driven Blueprint

The industry craves a slow, evolutionary approach over revolutionary shifts. We need a vertical separation or developers’ focus on the blockchain application layer. Providing a better solution to a smaller problem is a healthier approach than providing a weaker solution to a larger problem.

For instance, a modular approach to system design can promote the independent development of blockchain components without compromising the overall ecosystem’s stability. Responsive validity proof (a combination of optimistic rollups and ZK validity proofs) reduces cost barriers. It increases time efficiency, while a decentralized sequencer network ensures fairness and scalability in transaction execution. All of these consumer-targeting technologies already exist – yet, they are implemented only by a few projects.

Web3 has long secluded itself into solving problems within a narrow audience of crypto enthusiasts; now is the right time to adopt a different vision and bolster visionaries and innovators to bring its application to real-life problems rather than self-imposed financial challenges. Blockchain is a powerful tool – we just need to make it more approachable.

Tags: applicationsBlockchainFutureSeamlessUnveiling

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