In the latest episode of Hashing It Out, we plunge headfirst into the murky waters of Web3’s usability, which is about as user-friendly as a hedgehog in a balloon factory. 🎈
Our intrepid host, Elisha Owusu Akyaw, engages in a riveting chat with the dynamic duo, Moe El-Shibib and Selim Sezgin, co-founders of Ponder One. They discuss the many hurdles that are preventing the masses from adopting this shiny new tech, and the magical technologies that could make blockchain interactions as smooth as a buttered otter. 🦦
The UX Roadblock
Web3 is growing faster than a rabbit on a pogo stick, yet usability remains a formidable barrier. Many users find themselves lost in the labyrinth of onboarding, navigating DeFi platforms, and managing assets across multiple chains, which is about as easy as herding cats. 🐱
During the interview, Sezgin points out that while technical innovation has galloped ahead like a horse on a sugar rush, user experience has been left in the dust, making blockchain interactions as clear as mud for newcomers.
“While technical innovation has been a driving force, usability and accessibility remain pain points… Our whole goal is to simplify Web3 and make it as usable as possible.”
To tackle this conundrum, the discussion meanders through the realm of AI-driven solutions that promise to simplify blockchain transactions. Imagine AI automating swaps, bridging, and decision-making, thus reducing the need for technical knowledge—like having a butler who knows how to make your tea just right! ☕
Crosschain functionality is also a hot topic, ensuring users can frolic across blockchains without the hassle of manually switching networks, which is about as fun as watching paint dry. 🎨
Decentralization vs Usability in Governance
Decentralized governance plays a significant role in shaping Web3 applications, much like a cat deciding which box to sit in. The Ponder One team emphasizes the importance of community-driven decisions, allowing users to vote on integrations and protocol developments, because who doesn’t love a good vote? 🗳️
However, governance structures must balance decentralization with efficiency, or they risk becoming as effective as a chocolate teapot.
Looking ahead, the industry is moving toward real-world assets (RWAs), AI-driven applications, and enhanced accessibility to DeFi. As innovation progresses, broader adoption will hinge on simplifying blockchain technology for users, lest we end up with a system that only
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2025-03-13 16:13