ThunderCore

Excitingly, our founder, <a href="https://twitter.com/0804chris" rel="noopener noreferrer nofollow">Chris Wang</a> was invited to take the stage at this year’s <a href="https://www.nft.nyc/" rel="noopener noreferrer nofollow">2023 NFT NYC</a> panel to share his thoughts on the barriers to NFT mass adoption and how to break them down. In this article, we’ll delve into his insights and personal perspective on these issues.As the world continues to embrace blockchain technology, the concept of NFTs is becoming increasingly popular and gaining a lot of attention from regulations, artists, collectors, celebrities and to the public. However, the mass adoption of NFTs still faces significant barriers.<img src="https://miro.medium.com/v2/resize:fit:1400/0*LyWe2LsyyDJSpYe5" /><h2 id="header-0">What’s the barrier for NFT mass adoption?</h2>NFTs gained fame in 2017 with <a href="https://www.cryptokitties.co/" rel="noopener noreferrer nofollow">CryptoKitties</a>, a DApp for buying, trading, and collecting virtual cats and quickly opened up the market and utility of NFTs. However, the current NFT market is limited to a niche group of blockchain, crypto, and NFT enthusiasts. How can we overcome this barrier to achieve mass adoption of NFTs, making them easy to use, access, and possess for everyone? Let’s take a look at Chris’s insights from below!<img src="https://miro.medium.com/v2/resize:fit:1400/0*cMn3hA-8-_3gVUs5" /><h3 id="users">Users</h3>The first barrier to mass adoption is the poor user experience due to fragmentation. To buy an NFT, users need to buy gas tokens from exchanges, learn <a href="https://metamask.io/" rel="noopener noreferrer nofollow">MetaMask</a>, browse the NFT website, and so on. This process can be daunting and frustrating for many users.To solve this problem, we need a fully integrated solution that seamlessly integrates into existing applications. For instance, integrating wallets and eliminating gas costs can make it easier for users to learn more when they want to trade later. Additionally, NFT marketplaces should be exportable and integrated with the web3 ecosystem, which ThunderCore’s flagship product, <a href="https://ttlink.site/" rel="noopener noreferrer nofollow">TT Wallet</a>, is aiming at resolving this issue.<h3 id="company">Company</h3>In order to achieve widespread acceptance of NFTs business utility, it is important to remove the obstacles faced by companies. One solution is to provide an easy-to-use API that enables companies to create custodian wallets for their users, thereby allowing for secure storage of user assets. Another thing is that NFTs should be designed with sustainable usability features such as membership options, redeemability, transferability, and tradability, which can help attract and retain users, leading to sustainable growth of the project.ThunderCore, being a top layer1 blockchain, provides “<a href="https://www.thundercore.com/thundergene/?lang&#61;en" rel="noopener noreferrer nofollow">ThunderGene</a>”, our in-house API tool, to enable seamless integration of blockchain technology for Web2 projects.Meanwhile, Founder of ThunderCore, Chris Wang emphasizes that when a business owner wants to create a NFT project, you should always ask yourself “why do we need Web3?”According to Chris’ sharing, there are many aspects,<ul><li>“Incentivization”</li></ul>By offering your project token rewards, you can motivate your community to engage effectively with your project and become advocates for it. This can establish a loyalty program and a sense of ownership, leading to a lasting connection between your community and your project.<ul><li>“Ownership”</li></ul>Unlike in web2 games, where in-game items are tied to user accounts, NFTs give you direct ownership, and no one, not even the creators, can take it away. Additionally, with Web3, you can sell or trade your in-game items on open markets and recoup their value.<ul><li>“Decentralized autonomous organizations (DAOs)”</li></ul>That also represents a significant opportunity for Web3. With DAOs, users can coordinate decentralized ownership of a platform and make decisions about its future. By using tokens to vote on how resources get spent, users can collectively own a platform and direct its development.<ul><li>“Identity”</li></ul>For instance, using an Ethereum address and ENS profile, users can control their digital identity securely, and anonymously across platforms. This is an improvement over traditional platforms, where users must create an account for every platform they use.In conclusion, while the mass adoption of NFTs still faces significant barriers, prioritizing usability and developing fully integrated solutions can break them down. By embracing the benefits of Web3, such as ownership, DAOs, and identity, we can accelerate the adoption of NFTs and unlock their full potential. Additionally, by offering token rewards, we can motivate our community to engage effectively with our project and become advocates, establishing a loyalty program and a lasting connection between our community and our project.<img src="https://miro.medium.com/v2/resize:fit:1400/1*-pOfYWdkNk6y1W4K4lb6hQ.jpeg" /><h2 id="header-1">About NFT NYC</h2><a href="https://www.nft.nyc/" rel="noopener noreferrer nofollow">NFT NYC</a>, a much-awaited yearly gathering that celebrates blockchain technology and most importantly, NFTs. This conference offers an opportunity for industry experts, artists, collectors, and enthusiasts to converge and share their experiences, perspectives, and predictions about the future of NFTs. Moreover, it serves as an ideal platform for networking, forging partnerships, and staying up-to-date with the latest trends and advancements in the NFT arena.<h2 id="header-2">About ThunderCore</h2>ThunderCore is among the world’s top 5 blockchains and the only platform growing DApp users organically through ecosystem retention, which will be the key driving force behind the real mass adoption of blockchain. Its proof-of-stake (PoS) architecture, EVM compatibility, entertainment-first ethos, and deep developer support provide a battle-tested home for the next generation of crypto innovators across Web3, DeFi, NFTs, GameFi, and the metaverse.Thanks to its unique PaLa consensus mechanism, ThunderCore can handle 4,000&#43; TPS with sub-second confirmation times and ultra-low gas fees kept at a fraction of a cent.ThunderCore Token (TT), the chain’s popular native asset, can be stored in the feature-rich<a href="https://play.google.com/store/apps/details?id&#61;com.thundercore.mobile&amp;hl&#61;en_ZA&amp;gl&#61;US" rel="noopener noreferrer nofollow"> TT Wallet</a>, together with other supported ecosystem assets.Created in 2017 by Silicon Valley tech entrepreneur<a href="https://medium.com/encode-club/how-to-build-and-sell-a-750m-company-to-disney-chris-wang-ama-44f32b02afad" rel="noopener noreferrer nofollow"> Chris Wang</a> to help<a href="https://medium.com/multichainorg/ama-recap-with-thundercore-e3d9f6d78c4b" rel="noopener noreferrer nofollow"> solve Ethereum’s scalability issues</a>, ThunderCore was able to reach such an achievement in ecosystem retention because of the proven, stable, scalable, and secure blockchain technology built over the last five years.<a href="https://www.thundercore.com/" rel="noopener noreferrer nofollow">Website</a> |<a href="https://twitter.com/ThunderCoreLab" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://t.me/thunder_official" rel="noopener noreferrer nofollow"> Telegram</a> |<a href="https://medium.com/thundercore" rel="noopener noreferrer nofollow"> Medium</a> |<a href="https://discord.com/invite/5EbxXfw" rel="noopener noreferrer nofollow"> Discord</a> |<a href="https://mailchi.mp/thundercore/subscribe" rel="noopener noreferrer nofollow"> Newsletter</a>

Chris Wang Reveals Key to NFT Adoption: Seamless User Experience

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