Better Wallets Means that Web3 Can be Brought to the Mainstream

Web3

Better wallets are needed to solve Web3’s scaling bottleneck. A lack of user-friendly wallets are hindering mass adoption.

Web3 has an adoption problem: despite all the hype, only a tiny fraction of the population has ever used Web3 applications. Several factors contribute to this, including the natural innovation adoption curve. But for the most part, creating a streamlined and easy-to-use frontend seems to be low on the priority list for most dApp developers. Even for experienced crypto users, the process of sending and receiving payments – especially in cross-chain environments – can be confusing, time consuming and anything but “user-friendly”.

This has become such a problem that TechCrunch refers to the excitement around Web3 as “irrational exuberance.”

Blockchain 2.0 needs better wallet user interfaces

This is particularly problematic with new blockchain ecosystems. Ethereum, for example, has been around long enough that some users feel comfortable with it, but new projects like Polkadot or Cosmos are still waiting for their “killer app” that will make them more user-friendly.

Wallets, as the tools that hold our cryptos, are the gateways into the blockchain world. If we can’t easily send and receive payments, then we’re not going to be able to use the apps and platforms that exist on these blockchains.

The sticking points preventing Web3 from adapting are mainly user interface (UI) issues – unintuitive designs and complicated user processes. But by making better wallets, we can begin to overcome these issues and make Web3 mainstream.

This is why improving the UI of wallets is so important for blockchain 2.0. By making it easier for people to enter the crypto world, we can help to scale these new ecosystems. In a sense, wallets are the key to unlocking the potential of Web3.

Better Wallets, Better Web3

Several mobile, web-based, and browser-based injection wallets have faced the problem of cross-chain interactions; The Phantom wallet, for example, aims to be the easy-to-use gateway to the Solana ecosystem. Perhaps the most ubiquitous Web3 Chrome extension, Metamask, is a dynamic browser injection wallet and mobile app used by millions of people, but the ‘simplistic’, developer-friendly UI is often confusing and awkward for casual “retail” consumers. Clover.Finance’s Clover Wallet, however, has managed the feat of integrating with a wide range of chains, from Solana to Avalanche’s C-Chain, and is quickly becoming the go-to interface for interacting with the Polkadot ecosystem.

While Phantom has become the go-to for the Solana ecosystem, and other wallet providers tend to follow this specialization approach, Clover Finance has taken on the full task of becoming an easy-to-use, multi-chain wallet interface. The Clover wallet – available on mobile, web, and as a browser injection/extension – has full Solana compatibility and is also compatible with the Polkadot Parachain.

Focusing on an easy UX for new users, wallets like Clover emphasize fiat on/off ramps to streamline the experience of buying and selling cryptocurrencies, and technologies. such as “OAuth” social logins designed to remove the mnemonic phrase process when onboarding new users. . These OAuth integrations with popular messaging services as well as Facebook, Google, and Twitter will simplify the end-user experience, and familiar credentials can serve as the “keys” a new user needs to interact with environments. dApps and Web3.

Web3 Needs Good UI Everywhere

Perhaps surprisingly, the majority of Internet traffic occurs on mobile devices. This is true for both developed and developing countries. And, it’s only going to become more common as more and more people move to mobile-only Internet usage.

This is a problem for Web3, as most dApps and platforms are not yet optimized for mobile devices. This presents a major barrier to adoption, as people are unlikely to use apps that are not designed for their devices.

Developers are starting to recognize this problem, and there is increasing focus on building dApps that are mobile-friendly. But it will take some time before the majority of dApps are usable on mobile devices.

Meanwhile, mobile-first wallets are a way to bridge the gap between Web3 and mobile devices. By creating easy-to-use wallets that work on a variety of platforms, we can make Web3 applications easier to use. Clover, for example, is available on mobile, web, and as a browser extension.

Better Wallets: Takeaways

Ultimately, people aren’t “irrationally exuberant” about Web3, as some claim. Rather, they are waiting for better user experiences – experiences that wallets like Clover can provide. Beyond the Polkadot ecosystem, all of Web3 needs an upgrade when it comes to user interfaces and the user experience.

The future of Web3 relies on wallets that provide a powerful user experience. From daily Web3 interactions and cross-chain transfers to multi-ecosystem engagement across a range of DeFi, play-to-earn and “metaverse” gaming environments, users need a streamlined way to interact with all facets of Web3.

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