Web3, despite its promises of decentralization and innovation, is losing users due to poor onboarding experiences provided by projects such as MetaMask and OpenSea.
The lack of user-friendly onboarding leads to high drop-off rates, niche user adoption, and criticisms of Web3 being 'too hard' or a 'scam' on social media.
Founders in the Web3 space are caught in a trap where they prioritize speed and tech hype over user experience, resulting in projects that cater more to builders than end users.
Web3 faces a make-or-break situation as it struggles to bridge the gap between complexity and user-friendly onboarding, especially evident in declining NFT trading volumes.
Proposed solutions to fix Web3 onboarding include experience-first sandboxes, Web3-wide user DAOs for collective onboarding efforts, and AI concierges to assist users with navigating complex processes.
The pushbacks against improving onboarding include arguments that Web3 is meant to be complex, the space is still early for polished solutions, and a focus on builders first before users.
However, prioritizing user-friendly onboarding is crucial for mass adoption, as it accelerates innovation, feedback loops, and ultimately leads to better protocols and more users in the Web3 ecosystem.
Founders are urged to prioritize users, improve onboarding experiences, and design for human-first interactions to unlock Web3's full potential and welcome a wider user base.