Web3 gaming continues to garner attention given its potential for decentralized ownership of in-game assets, play-to-earn mechanics, and innovative gameplay experiences.
Some reports have shown a substantial surge of 54% in users from Q4 of 2023 to January 2024. With a notable jump in daily active users (DAU), many within the gaming community still maintain that asset interoperability, player-driven content, and community governance are the key factors contributing to the success of web3 games. But, new findings suggest it is the simplicity and effectiveness of the wallets used for gameplay that truly matter.
Most of today’s web3 gaming platforms have digital wallets as a standard feature to play. Originally designed for storing and managing funds, wallets in web3 gaming have evolved beyond their initial scope. They now serve as the central interface for users, safeguarding their identity, storing value, and granting access. However, many newcomers interested in exploring web3 gaming still face difficulties with current crypto gaming wallets, presenting a major roadblock for wider adoption.
The pursuit of seamless UX in gaming wallets
We sought to delve deeper into today’s crypto experience by launching our WalletConnect Pulse report, which highlights wallet complexity as a major barrier to web3 adoption. Despite opportunities for experienced users in Play-to-earn gaming, newcomers still find navigating the crypto space challenging. Simplifying the process is crucial for mass adoption because as many often say, in web3, everything begins with a wallet. As dYdX put it in our report, “The protocols that abstract away all the complexities will be the ones to win in the long run.”
Insights from the report reveal clear priorities for enhancing wallet satisfaction and boosting user experience. Over half of respondents (51.2%) emphasize the importance of user-friendliness, while significant proportions seek more incentives (42.1%), improved security features (41.8%), and lower transaction fees (41.8%).