How Bad User Experience Can Reduce NFT Market Cap

Interest in the revolutionary technology “NFT” has been growing over the past few years; in many countries it peaked last year, and in others such as Singapore and the United Arab Emirates, the NFT boom is now. As interest grows, so does the number of people hearing about and buying NFTs, far beyond the world of crypto enthusiasts. Since the real barrier to expanding the market is turning curious people into investors to increase the market cap of NFTs, it is new investors that need to be supported. The problem is that the current poor user experience in the NFT space is driving away new investors and reducing market capitalization. Research Show that the barriers to NFT adoption are reliability, education, and necessity.

These barriers severely limit the adoption of NFTs.a columnist Daily Oriental News Claims that NFTs are “really confusing” while others writer Criticize the NFT market for being too technical, confusing and fragmented in Web 3.0. In different markets, many are trying to remove barriers to entry for new NFT investors. One such example is Opensea, which added MoonPay as an option to buy cryptocurrencies. By using MoonPay, investors can add funds and buy NFTs directly through their app. However, MoonPay is banned in many countries and states. Other issues include a lack of education, reliability and support.

Currently, no market offers a solution to any obstacle, let alone all obstacles. The real challenge for users is that the NFT market is all on different blockchains, which creates a huge fragmentation of the community, fan base, artwork and assets. Therefore, to increase the market capitulation rate in the NFT space, an all-in-one platform that removes barriers and then educates and supports new users is urgently needed.

Enter Ludo, a revolutionary all-in-one Web 3.0 app for game earning projects and NFTs. Ludo aims to be the gateway to the metaverse and all things NFTs. Using the platform, users can discover, collect, showcase, promote and earn money. Ludo realizes that there are barriers to the adoption of NFTs and aims to remove them all, as their manifesto states: “At Ludo, we don’t just want to be part of a new renaissance. We want to shape it.” The question is, how does Ludo solve NFTs Barriers to adoption, thereby increasing the market capitulation rate of NFTs?

reliability

Ludo removes the inaccessibility of other marketplaces by creating a hub that contains all NFTs. Rather than separating users from other marketplaces, creators, and buyers, Ludo provides a platform to display information from each marketplace. With Ludo, a user’s first NFT experience is simplified to accessing their app and finding the NFT they want. Search markets without searching across blockchains.

educate

Ludo provides a clean, stylish interface with clear labels and novice-friendly. The app avoids technical jargon and explains terms in a simplified way, such as concert ticket NFTs and game NFTs labeled “Experience”. Additionally, the search tool is simplified with filters such as blockchain, cost, and type. NFTs have clear icons indicating the NFT price, blockchain and other important information. Information about NFTs is compiled, allowing users to educate themselves and learn more.

necessity

NFT-based content is growing rapidly as music, games, virtual worlds, and physical assets join the market. The necessity comes from the increasing fragmentation of the NFT space. As mentioned earlier, Ludo provides an all-in-one hub for information, authoring, advertising, community and content. As the NFT market grows, so does the demand for Ludo.

Therefore, Ludo removes all barriers by providing a seamless and necessary platform that is reliable, educational and supportive. By providing a high-quality, accessible and supported platform, Ludo provides a greatly enhanced user experience. Makes new investors more likely to stay, buy and grow the NFT market. Bad user experience for newcomers is a thing of the past as Ludo backs the growing NFT market capitulation.Learn more about Ludo and apply to be an Alpha Tester on their website here.

Image: Pixabay

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