In the ever-changing realm of Web3, there is a growing emphasis on providing real value to users. Leading figures in the industry are advocating for a shift away from speculative assets towards practical applications that enhance user experiences and offer lasting benefits.
During the Proof of Talk 2024 conference in Paris, a panel titled “Unlocking Real-World Value in Web3” featured Arron Goolsbey, president and chief operating officer of Mythical Games, Mickey Maher, chief business officer of Project Liberty Labs, and Ingo Ruebe, founder of KILT Protocol, who all promoted applications that prioritize user experience and long-term value.
The panelists believe that this user-centric approach has the potential to revolutionize industries, especially gaming and social media, by harnessing the powerful capabilities of blockchain technology. Their collective insights painted a captivating vision of the future of Web3 and its ability to generate tangible value for users across various sectors.
Goolsbey, with an optimistic outlook, expressed that the gaming industry has the potential to drive mass adoption of Web3, stating that it’s an exciting time to be in the field. Maher also highlighted the underutilization of Web3 technologies like blockchain and compared it to the trend of memecoins, which are gaining popularity rapidly.
The panelists stressed the importance of delivering value to users, citing examples like Uber and Instagram, which have excelled in providing value to their user base. Goolsbey emphasized the need to focus on the end-user experience in the gaming industry, highlighting the potential for blockchain technology to enhance player experiences and extend the value generated over time.
In the gaming industry, with nearly two billion active gamers participating in gamified economies, there is a shift towards a Web3 model that allows users to not only pay and play but also curate their experiences. This transformation enables users to easily trade game assets in an open and secure environment, creating a more engaging and profitable ecosystem for both players and developers.
Overall, the panelists at Proof of Talk 2024 showcased the potential of Web3 to revolutionize user experiences across various industries, demonstrating the importance of prioritizing value and user-centric applications in the evolving digital landscape.