💻Enhancing Utility and User Experience.
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Copyright © 2023 ERC World
Last updated
3.1 The Challenge of User Experience in NFT Marketplaces.
One of the significant challenges faced by many existing NFT marketplaces is the suboptimal user experience that hinders user engagement and adoption. Complicated interfaces, steep learning curves, and limited user involvement beyond mere buying and selling deter users from fully embracing the potential of NFTs. ERC World Marketplace recognizes this challenge and is dedicated to optimizing the user experience to facilitate seamless and immersive participation.
Through extensive research and feedback from the community, ERC World has identified key areas for improvement. We understand that users want to be directly involved in new utility and experience the full potential of Web3 technologies. To address this, we have developed an innovative approach called the "Missions" aspect. By incorporating a fun and interactive Web2 feel, ERC World enables users to engage with Web3 elements through missions, providing a bridge between the familiar and the new. These missions serve as stepping stones for users to explore various functionalities, including NFT creation, token staking, community events, and more. By gamifying the experience, ERC World empowers users to learn, participate, and unlock the full utility of the platform.
3.2 ERC World's Innovative Approach: Introducing "Missions"
The "Missions" feature of ERC World Marketplace offers an engaging and educational pathway for users to discover and leverage the potential of Web3 technologies. These missions provide step-by-step guidance, interactive tasks, and rewards for users, ensuring a gradual and enjoyable learning experience. Whether it's minting an NFT, participating in community events, or exploring collaborations, each mission presents an opportunity for users to deepen their understanding of NFTs and the broader ecosystem.
Through missions, ERC World fosters a sense of progression and achievement, encouraging users to explore and experiment with the platform's features. Completing missions unlocks access to exclusive content, additional utilities, and enhanced participation in the ERC World community. We believe that by offering a gamified and interactive approach, we can lower the barriers to entry, empower users to embrace Web3 technologies, and promote long-term engagement within the marketplace.
3.3 AI Integration for Security and Customization
In addition to enhancing user experience, ERC World Marketplace integrates cutting-edge artificial intelligence (AI) technologies to address security concerns and provide advanced customization options. Security is of paramount importance in the NFT space, as it safeguards users' assets and ensures a trusted marketplace environment. ERC World employs AI algorithms to monitor and detect potential scams, spam, and fraudulent activities, providing an additional layer of protection for users. By leveraging AI, we create a safer marketplace where users can transact with confidence, knowing that their interests are safeguarded.
Furthermore, AI technology enables advanced customization options within the marketplace. Users can personalize their preferences, such as recommended collections, artists, or genres, based on their browsing and transaction history. This customization enhances the overall user experience by tailoring the platform to individual interests and preferences, ensuring a more personalized and relevant marketplace experience. We will continuously add multiple iterations of AI over the span of ERC Worlds time, improving in every aspect we see fit and taking user feedback to make changes within the future.
By combining innovative features like the "Missions" aspect and AI integration, ERC World Marketplace aims to provide a user-centric, secure, and highly customizable platform that encourages active user participation and drives the adoption of NFTs. In the next section, we will explore how ERC World empowers project owners through its launchpad, backend CRM, and strong support for artists.
3.4 NFT Landscape and it's current issues
The NFT space has experience not only rapid expansion in terms of volumes and active users, but it has also evolved from simple JPGs to a means of verification and exchange of game assets, music, videos, and RWA. Despite this rapid growth, users are still encountering a common array of issues when using the currently existing marketplaces – those include:
High gas fees: About 90% of NFTs are minted on Ethereum, and the associated high gas fees deter users from buying or selling due to the cost.
Limited accessibility: Users have difficulty accessing NFT marketplaces due to technical barriers or lack of knowledge about blockchain technology.
Lack of transparency: Users have raised concerns about transparency in the NFT marketplace, particularly regarding authenticity and ownership, leading to instances of fraud.
Poor user experience: Users find NFT marketplaces to be difficult to navigate and confusing to use.
Poor user interface: Users report challenges navigating the marketplace and executing transactions due to its complexity and unclear user flows.
Environmental concerns: Users highlight the environmental footprint of NFTs, citing the high energy consumption tied to their creation and trade.
Lack of support for creators: Lack of support for creators: Current NFT marketplaces offer minimal assistance to creators, often leaving them unsupported post-launch, leading to potential failure despite their best intentions.
Here’s how we tackle these challenges relative to our peers: