The bottleneck of Web3: User experience becomes the key to development
The early stage of Web3 mainly focuses on innovation. Various independent blockchains have been launched one after another, emphasizing optimization in different aspects such as speed, security, composability, and community ownership. However, this wave of innovation has also led to fragmentation of the ecosystem, lack of interoperability, non-unified tools, and isolation of assets and liquidity.
Although Web3 has solved many technical challenges, user experience remains the biggest barrier to its development. The experience of using decentralized applications is still as awkward as browsing the internet in the 90s. For the average user, dealing with concepts like blockchain, wallets, cross-chain bridges, Gas fees, protocols, and signatures is still very cumbersome and confusing. These are not just minor issues, but significant obstacles to the widespread adoption of Web3.
With the increasing institutional acceptance, the launch of Bitcoin and Ethereum ETFs, and the related regulatory framework.