Web3’s User Experience Sucks! Here’s How It’s Being Fixed

TL;DR

Full Story

Think about when you had have owned a Ps AND an Nintendo 64 rising up…

We all know, we all know — mother would have by no means allowed it (she was telling you to go exterior and “contact grass” lengthy earlier than Crypto Twitter was a factor).

However that’s the scenario twin customers of Ethereum and Solana are discovering themselves in, due to a traditional case of “competitors breeding innovation.”

Right here’s the timeline:

• Dec 5 ‘23: Coinbase pockets launches shareable crypto payment links, permitting anybody to ship/request crypto funds with an online hyperlink.

• Jan 26 ‘24: The Ethereum-based Twitter-like social platform Warpcaster launches “Frames,” which just about permits people to code crypto checkouts into their social posts.

• Jun 5 ‘24: Coinbase launches the primary Ethereum-based “sensible pockets,” permitting customers to enroll/in to their pockets with FaceID or a Google account (no 12-word seed phrase wanted).

• Jun 12 ‘24: Fuse, the Solana-based sensible pockets launches.

• Jun 25 ‘24: Solana launches ‘Blinks’ (aka: blockchain hyperlinks) which is type of like a mixture of Coinbase cost hyperlinks and Warpcaster’s Frames, the place customers can embed crypto interactions right into a single hyperlink (assume: voting, donating, minting NFTs, swapping tokens, and paying folks) and share them anyplace on-line.

Listed below are our two huge takeaways:

1. Competitors between these two ecosystems breeds painful/drained tribalism, sure…

   However for many who are capable of give up the foolish sport of ‘one or the opposite, not each’ — this competitors is bringing superior new options at a break-neck tempo.

2. Each ecosystems are doing one thing that the crypto house has desperately wanted with the intention to scale:

   Bridge the hole between web2 and web3.

   These seamless enroll/in and buy interactions are one thing internet customers are used to, they usually’re not going to desert that for a worse person expertise.

   By assembly shoppers the place they’re, it makes for a better transition.

We give these developments two emphatic thumbs up, 4 cooks kisses, and eight molto bene’s.