Challenges Facing Mass Adoption of Web3 and XION's Solutions

Although the Web3 industry has enormous potential, progress in user adoption has been slow. Currently, the widespread application of Web3 primarily faces two major obstacles: complexity in functionality and cultural barriers. The emerging Layer 1 public chain XION was born to address these two issues. Let's dive into XION's vision and how it promotes the large-scale adoption of Web3.

XION: An L1 network focused on simplifying the complexities of cryptocurrency

The developer of XION, Burnt, has a unique experience in the Web3 field. In March 2021, they drew the attention of the art world to NFTs by burning a physical artwork by Banksy and converting it into an NFT. In the following year, Burnt focused on developing no-code products for creators, such as Burnt Finance and early NFT standards.

During this process, Burnt realized that NFTs and the entire Web3 industry are difficult to achieve mass adoption due to their complexity. To overcome this barrier, Burnt built XION based on Cosmos, an L1 blockchain aimed at simplifying crypto complexities. XION is committed to providing a frictionless user experience while retaining the core features of Web3, such as decentralization, transparency, and verifiable ownership.

The goal of XION is to drive the mass adoption of Web3 by optimizing its functional and cultural barriers. It focuses on user experience, accessibility, and scalability, aiming to build an ecosystem that supports developers and users, fully leveraging the potential of blockchain technology.

In addition, the Inter-Blockchain Communication (IBC) protocol of Cosmos allows XION to quickly integrate with other application chains and their related applications. This "chain interconnection" feature provides XION with more functionalities and creates new application scenarios for developers on it.

Web3 Barrier One: Complexity of Functionality

For new Web3 users, the first use of applications may require completing up to 15 complex steps, taking several days. This has led to a user attrition rate of up to 95%. With the emergence of new L1 blockchains, this issue has become even more severe.

XION's solution

1. Simplified entry process: Users can directly purchase on-chain products using credit/debit cards, covering approximately 6 billion cardholders.

2. No Gas Fee: Completely eliminates the barrier for new users to hold native tokens in order to trade.

3. Abstract Wallet Complexity: New users only need to use their email to create an MPC wallet, without the need to download plugins or remember mnemonic phrases.

4. Mobile support: Ensure that users can securely access the XION ecosystem anytime, anywhere.

5. Pricing in USDC: All products built on XION will be priced in USDC, allowing new users to seamlessly use a familiar fiat currency.

Web3 Barrier Two: Cultural Barriers

In addition to functional complexity, Web3 also faces cultural barriers. New users are often troubled by unfamiliar terminology, complex ecosystems, and unfriendly user experiences. Furthermore, cryptocurrencies suffer from negative perceptions due to some bad behavior and news about scams.

XION's solution

1. Simplify Terminology: Committed to simplifying or completely abstracting complex technical terms to make them easier to understand.

2. Enhance credibility: Establish strategic partnerships with well-known companies in the Web2 and Web3 fields, such as Animoca, Circle Ventures, Checkout.com, etc.

3. Reducing the need for user education: By eliminating functional complexity, it significantly lowers the learning cost required for users to interact with the application.

Conclusion

To achieve large-scale adoption of Web3, it is necessary to create robust infrastructure as well as build an intuitive and user-friendly interaction experience layer. XION is expected to be a catalyst for the widespread application of Web3, as it is committed not only to technological advancement but also to laying the foundation for the cultural revolution of Web3. By simplifying user experience, enhancing accessibility, and building a trustworthy ecosystem, XION is paving the way for the future of Web3.