Web3 Could Benefit from Web2’s User Experiences
Industry builders at the Next Block Expo in Berlin have suggested that Web3 products and services could benefit from the streamlined user experiences of Web2. They highlighted the poor wallet management leading to a 20% loss of Bitcoin by users. Additionally, many Web3 services experience significant drop-off rates during the sign-up stage on their platforms.
Web3Auth: Streamlining Web3 Onboarding
Web3Auth is a platform that aims to streamline Web3 onboarding by utilizing multi-party computation (MPC) for passwordless authentication. It focuses on providing noncustodial wallet infrastructure for users. The platform has already onboarded high-profile enterprises and decentralized applications, including Animoca Brands, Binance, SkyMavis, McDonalds, Ubisoft, Universal, and Fox.com.
Hot Take: Unlocking the Potential of Web3
Web3 has immense potential, but it faces challenges in terms of user experience and onboarding. By incorporating the streamlined user experiences of Web2, Web3 products and services can attract more users and reduce drop-off rates. Platforms like Web3Auth are paving the way by offering passwordless authentication and noncustodial wallet infrastructure. As more enterprises and mainstream companies join the Web3 ecosystem, we can expect further innovations and improvements in user experiences, ultimately unlocking the full potential of Web3.
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