How hiding the influence of cryptocurrencies will be the key to unlocking their success

In recent years, cryptocurrency has gone way beyond the technicians responsible for its initial success to gain widespread name recognition. Cryptocurrencies have made their way into news, music, culture and other relevant aspects of daily life.

CFDs on cryptocurrencies

Financially, the cryptocurrency has been a resounding success when measured by market capitalization, which is currently hovering around $ 1 trillion. If investment allocation is seen as trusting a product, service or person, then cryptocurrencies already have a trillion reasons to be excited about the prospects.

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However, while cryptocurrencies have undeniably reached mainstream consciousness, adoption hasn’t kept up. The reason? Cryptocurrencies remain unnecessarily complex. The lack of understanding and layering of the underlying technology ultimately prevents people from using them. As a result, more needs to be done to improve the user experience and educate people about this new technology to make cryptocurrencies more accessible.

Recognizing this reality, industry experts are increasingly focusing on the ability of blockchain games to bridge this knowledge gap. Play and gamification techniques, by extension, can be a great way to encourage people to experiment with the underlying technology at their own pace. Using games for learning purposes is not new. It has been around for decades and has always proved to be a great way to impart new skills and knowledge interactively.

“With data indicating that there are over 3 billion players worldwide and with the blockchain gaming industry growing by around 2,000% in 2021, blockchain-based gaming has a solid growth trajectory,” says David. Shin, Head of Klaytn Global Group e Klaytn Foundation.

Raise awareness through gamification

Blockchain-based gaming apps could serve as good starting points to drive the global mass adoption of cryptocurrencies and Web3 in general, but the existing range of blockchain games hasn’t been able to have much impact.

The reason: Most Play-to-Earn (P2E) games don’t focus enough on the user experience. They are more about creating solid incentive models for players. Instead NFT and in-game currencies add more value for players, these are emerging technologies that most players don’t understand correctly.

Also, the onboarding experience for most P2E games isn’t as smooth as traditional games. The complexity of setting up and managing wallets and navigating NFT markets and exchanges, among other things, is more than enough to overwhelm players who have never used blockchain.

As David Shin points out, “From the perspective of a completely new user to Web3, the learning curve can be steep: from creating and connecting a wallet to exchanging game assets that used to be stuck in Web2 game ecosystems. To learn more about web3, it is essential to focus on creating fun and intuitive use cases for blockchain.

The concept of true ownership via NFT and incentive via in-game cryptocurrencies is a game changer, but it cannot accelerate mass adoption if the barriers to entry are too high. Blockchain game developers should first focus on optimizing the user experience and then move on to integrating deep token economies and reward models.

There are many promising concepts out there in the broader cryptocurrency landscape, but end users need to learn a lot of things before they can start using them. When users are forced to learn new concepts, the result is slow adoption. Conversely, end users will only learn new concepts and systems if they are clear and there are adequate incentives to do so. Blockchain games have already dealt with the “incentive” aspect; all that remains is to make the learning curve simpler and more intuitive.

In this context, blockchain-based solutions such as AGA And jelurida lay the foundation for a new era of blockchain games where P2E games will put users first. From streamlined user experience to immersive and engaging game mechanics, these platforms provide secure, stable and scalable infrastructures to enable developers and businesses to create dynamic on-chain gaming environments with no barriers to entry.

For example, AAG simplifies the process for beginners with its MetaOne wallet. Unlike other existing wallets, the MetaOne wallet does not require users to remember their initial phrases. It also addresses the limitations of existing wallets, including poor user experience and limited access to on-chain products and services.

Many existing digital wallets are only designed to support a limited number of blockchain networks, which AAG’s MetaOne Wallet surpasses by running on Web3 and Metaverse platforms. Additionally, to address the thorny issue of fraudulent tokens and apps, the wallet also includes an integrated dApp store curated to ensure no scams proliferate while proactively notifying scam users. Additionally, AAG has launched a cryptocurrency academy to educate newcomers on how cryptocurrency works and the fundamentals of finance.

Taking advantage of the infrastructure of Jelurida, BridgeChamp – the leading on-chain bridge gaming platform – supports an infrastructure that allows global players to compete randomly and competitively. Unlike other P2E games, BridgeChamp’s in-game rewards and NFTs have added utility through direct use at partner stores, outlets, and retail brands. This initiative allows players to simply play and use their rewards in real-world conditions, which means they don’t have to deal with the complexities of navigating secondary NFT markets or cryptocurrency exchanges.

The platform takes the concept of chain play to the next level by enabling real-time video conferencing between players. In addition, players can also create new tournaments, participate in existing tournaments created by other players, organize competitions and community events, improve their skills by playing with bots and many other activities. All features work flawlessly without imposing the underlying technology on the user.

It is essential to realize that blockchain technology is constantly evolving and that cryptocurrencies are just one of its many powerful applications. Current blockchain-based products are fraught with too many “technical” complexities for end users to damage the user experience and widespread adoption. As emerging projects continue to remove technical barriers and unnecessary learning curve, cryptocurrencies will be able to achieve the desired level of mainstream adoption and acceptance.

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