In the ever-changing landscape of Web3, there is a growing emphasis on providing real value to users. Industry experts 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. They championed applications that prioritize user experience and long-term value.
The panelists believe that this user-centric approach has the potential to revolutionize industries, particularly gaming and social media, by harnessing the powerful capabilities of blockchain technology. Their insights painted a compelling vision of the future of Web3 and its ability to create tangible value across various sectors.
Goolsbey exuded optimism, describing the gaming industry as a potential driver for mass adoption of Web3. Maher highlighted the underutilization of Web3 technologies like blockchain, contrasting it with the trend of memecoin-centric conversations that dominate the industry.
He emphasized that while memecoins are popular, they represent only a niche aspect of the industry, akin to having an iPhone with limited app functionality. Maher stressed the importance of delivering value to users, citing successful examples like Uber and Instagram, which have revolutionized industries by providing immense value to their users.
Goolsbey emphasized the importance of focusing on end-user value in the Web3 space, particularly in the gaming industry. He highlighted the potential of blockchain technology to extend the gaming experience for players, creating a more sustainable and engaging environment for both users and developers.
With nearly two billion gamers actively participating in gamified economies, Goolsbey sees a significant opportunity for growth in the gaming industry. He envisions a shift towards a Web3 model where players can not only pay and play but also curate and exchange game assets in a safe and open environment.
In conclusion, the panelists at the Proof of Talk 2024 conference emphasized the importance of prioritizing user experience and long-term value in Web3 applications to drive innovation and create meaningful impact across various industries.