MSV Podcast

Roundtable: "Building Scalable Web3 Infrastructure Solutions"

Morningstar Ventures Season 2 Episode 24

Guests:


Top 3 Key Takeaways from Our Guests

1. Solutions such as Chain Abstraction can enhance user experience

The discussion started by emphasizing the need to improve user experience by addressing blockchain fragmentation. Particle Network and KIP Protocol both focus on chain abstraction to provide a better user experience, with Particle Network's universal accounts allowing users to interact across chains with one account and balance, therefore eliminating the need for manual bridging. Similarly, KIP Protocol simplifies AI deployment by reducing wallet prompts and enhancing developer interfaces. Tavera also explained that it implements session keys and paymaster systems to minimize wallet interactions in gaming, aiming for a future where gas fees are sponsored and users can create wallets with simple logins – again allowing users a more seamless experience.


2. Seamless technical integration for blockchain interactions creates cohesive ecosystems

The discussion focused on the technical integration of different blockchain solutions to create a cohesive ecosystem. As already mentioned Particle Network and KIP Protocol are collaborating on technologies such as Chain Obstruction, which enable cross-chain transactions and universal accounts. Additionally, as both Gaimin and Tevaera are focused on the infrastructure gaming space, they elaborate on how gaming projects are exploring methods to monetize unused computing power for customers needing processing power, showcasing the potential of decentralized computing. 


3. The success of Web3 projects relies on strong community engagement and effective user retention strategies.

The discussion focused on the importance of community retention in creating a strong infrastructure project. For example, gaming platforms utilize initiatives like fan loyalty memberships and daily quests to acquire and retain users, emphasizing the pivotal role of the community in strengthening platform infrastructure and governance. The discussion highlighted efforts to make Web3 technologies more accessible and user-friendly while emphasizing the community's role in driving adoption and growth.