Web3’s Killer App Is… | Web3 Daily

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No kid has ever walked up to a family member and asked:

“Do you have any liquidity provision tools on your phone?”

Nope. The question has always been:

“Do you have any games on your phone?”

And herein lies a major problem within the crypto onboarding process.

Onboarding friends and family is hard enough as it is. There’s a bunch of new apps, tools, and terms they need to be familiarized with, which add friction at every turn.

(Though, with the advent of smart wallets and their one click, web2-style sign up process, this problem is on the verge of being solved).

Next problem in line to be solved?

What do you do with it once you’ve onboarded?

Cause buying and holding crypto over multiple years — while often profitable — is kinda boring. And sure, they can stake, lend liquidity out, and trade crypto all in the hopes of increasing their returns…

But that’s still kinda boring to most people.

Which is why we’re categorizing this latest development from MetaMask as a “giga-brained move.”

MetaMask Portfolio now includes a directory of native blockchain games, that lets users find and play games from within the interface.

So the pitch of web3 now goes from:

“You can mostly just stake/lend from within your crypto wallet to earn ~5-7% interest per year.”

To…

“You can do that AND play web3 games, where you earn tokens with real monetary value and collect rare in-game items that are globally tradable.”

That’s a HUGE step up!