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    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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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

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

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

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

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

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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

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

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    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?

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

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

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
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    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

    Courtyard Tops Sales, Doodles Leads in Growth

    Courtyard Tops Sales, Doodles Leads in Growth

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    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

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    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

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    Alchemy acquires NFT launchpad HeyMint to accelerate smart wallet development

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    BeraTone NFT Avatars Are Now Minting Live on OpenSea

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    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

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    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

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    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

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    DeepLink Partners with AscendEX to Power Web3 Gaming in Global Markets

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    Ethereum Games ‘Realms of Alurya’ and ‘Wonder Wars’ Latest to Go Offline

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    Real-World Asset NFTs Emerge as the Next Big Crypto Trend in May 2025

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

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

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

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

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    What Is Asset Tokenization? Types, Why It Matters Now [2025]

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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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    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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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

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

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

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

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

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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

    Experience to Earn: Everdome's Metaverse Frontier

    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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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
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    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

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    Courtyard Tops Sales, Doodles Leads in Growth

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    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

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    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

    Trump’s controversial memecoin dinner elicited mixed responses from attendees

    Trump’s controversial memecoin dinner elicited mixed responses from attendees

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    NFT sales drop to $129.8m, Avalanche sales surge 200%

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    BeraTone NFT Avatars Are Now Minting Live on OpenSea

  • Gaming
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    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

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    The Biggest Shutdowns So Far in 2025

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

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    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

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    DeepLink Partners with AscendEX to Power Web3 Gaming in Global Markets

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    Ethereum Games ‘Realms of Alurya’ and ‘Wonder Wars’ Latest to Go Offline

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Home Web 3

Web3’s quest for broader adoption mired by complex user interfaces

March 10, 2024
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Bill Ackman sparks broad discussion on Bitcoin’s energy use
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Enhancing Security in Online Gambling with Blockchain Technology

Over 15 years ago, Satoshi invented the world’s first independently managed, self-operating financial system through cryptography. He aspired to push us all into a financial renaissance where our aging financial system would be replaced with one that favors no one entity or being. A fully transparent financial system that’s open 24 hours a day, seven days a week, so that anyone can track fund flows on the blockchain.

And while this value proposition alone is more than sufficient to migrate from our legacy financial systems, Satoshi’s greatest breakthrough with the invention of blockchain and crypto is how a user accesses this network: a non-custodial wallet. 

With only a mobile device and an internet connection, anyone can safely view, send, and receive value, which is the closest we’ve been to a financially inclusive world.

That being said, the blockchain industry, which can be more eloquently referred to as web3, has reached an inflection point where the next wave of adoption will likely come through entirely different channels than generations past. In other words, there are only so many new entrants that would have the inertia to deal with the operational headache of engaging with web3 technologies, given the relative return or utility of the technology is largely not there for the next generation of users. Coinbase CEO Brian Armstrong alluded to this on stage at the All-In Summit this year. 

To be frank, market standards for an acceptable web3 user journey must improve if we want greater adoption amongst discovery audiences. The wallets attached to those user journeys need to do more than hold internet money if we expect those people to use them. 

See also  Blockchain Identity Management Market SWOT Analysis by Leading Key Players: IBM, Microsoft, Oracle, Accenture

Why It Matters

The term ‘web3’ refers to the third iteration of the internet, which is built on the concept of digital, verifiable ownership. Contrary to the web2 paradigms, web3 users maintain and own all their information, financial assets, digital collectibles, and more, while ‘Big Tech’ holds this dear information in the web2 universe.

This ownership is achieved through non-custodial wallets where this information is only accessible by the owner of said wallet. The wallet owner can grant ‘read-only’ access to any internet protocol that might want to access the wallet’s contents, but again, it’s purely at the owner’s discretion. 

In the words of the one and only Gordon Gekko, “The most valuable commodity I know of is information,” and depending on where you live, your willingness to share that information may vary. In the developed world, the average person has the luxury of robust banking and money-transmission services. Moreover, a certain level of implicit trust makes them feel secure with ‘owning’ nothing.

Sure, they can view and access the bank account balance shown on their account, but they technically ‘own’ something that’s continuously being lent out in exchange for crumbs. What’s more, users completely rely on a bank’s good faith to perform any action they wish to perform. This model is deeply flawed and hardly works here. Still, as you venture into the lesser-developed parts of the world, the overwhelming distrust of traditional banking systems has left much of the population unbanked. 

It All Starts With the Wallet

We’ve made significant strides over the last decade and a half regarding developing, using, and adopting decentralized technologies. Additionally, regulatory clarity and legal recognition from governing bodies worldwide have recently accelerated, with Shanghai, most recently, recognizing Bitcoin as a digital currency. That said, it’s still painfully difficult to access and move value that’s on-chain, given that the interfaces that connect us to the technology are shockingly underdeveloped compared to the sheer size of the industry.

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Currently, crypto wallets don’t allow you to do anything you couldn’t otherwise do with traditional banking products. Because transmitting value within this framework is arduous, Bitcoin’s battle to establish itself as a reasonable means of payment has been thwarted. Instead, crypto wallets are more or less an easy way to individually secure your (way more volatile) funds. 

Furthermore, it’s never been more difficult to garner the attention of the general consumer. Popular media, short-form content, and a little bit of ADD have made it excruciatingly difficult for companies to reach target consumers. Because of this, the most successful technologies provide a utility that introduces extreme convenience or consolidation in one’s life. Take TikTok, for instance — beyond being a means of creative expression, it also serves as a social network and, increasingly, a search engine.

By serving multiple purposes, the value proposition for installing and spending time on the platform is strengthened because users enjoy the luxury of not jumping from platform to platform. In 2023, the average person has about 80 applications installed on their phone, nearly 2x more than a decade prior.

Because of this, we’re now entering a new era in tech in that new products and applications will need not only to solve a problem but also introduce convenience — a wallet is no different than that. This isn’t all that dissimilar from when Apple put a phone into the iPod all those years ago. 

The Future

To unlock all of crypto’s potential, we must innovate from the ground up and ensure that an unnecessarily archaic user experience doesn’t obstruct its value proposition. We need to push paradigms and challenge established conventions to ensure that we spend the majority of the next 15 years building a new, free world instead of struggling through teaching our friends and loved ones about public and private keys. 

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