The Problem: Current Challenges in the Crypto World

The cryptocurrency space has witnessed immense growth over the past decade. However, despite its potential, the industry still faces numerous challenges that hinder widespread adoption, especially among traditional users:

• Complexity and Accessibility: The barriers to entry for Web2 users into the Web3 space remain high. The complexity of wallets, transactions, and understanding blockchain technology can be overwhelming for many users.

• Volatility: The extreme volatility in crypto markets often deters new users from participating, fearing the unpredictable nature of asset values.

• Lack of Trust: Many users are still skeptical of decentralized platforms and prefer centralized, familiar services. They fear the lack of regulatory oversight and are concerned about security risks.

• Low User Engagement: While there are many Web3 projects, active user participation remains low, often due to insufficient incentives or difficult onboarding processes.