Complex user interfaces and scattered digital identities in Web3 create barriers for mainstream adoption. Many potential users face challenges such as seed phrases, gas fees, and wallet setups, leading to high drop-off rates. To address these issues, smart wallets and dynamic NFTs may provide solutions. Matthias Mende, CEO of Bonuz, shares his journey into Web3 which began with Bitcoin in 2016. His vision is to create a user-centric decentralized ecosystem that simplifies access to Web3, making it as straightforward as popular social applications.
Complex interfaces in Web3 often feel like navigating a maze-seed phrases, gas fees, and wallet setups deter everyday users who simply want seamless experiences like those in Web2 apps. This deters adoption because it creates friction, leading to high drop-off rates; studies show that over 80% of potential users abandon Web3 apps during the onboarding process.
I started diving into Bitcoin in 2016, which opened my eyes to blockchain's potential for ownership and transparency. By 2019, I got involved in NFTs and DeFi, exploring and researching how I could revolutionize engagement and real-world economies.
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