Crypto wallet complexity is keeping gamers away from web3

Gamers are staying away from Web3 because dealing with crypto wallets is too much of a hassle. The process is confusing, turning away a lot of potential players.

Web3 games are supposed to be the next big thing in gaming, but people don’t want to waste time figuring out how crypto wallets work.

A recent report, titled “The Future of Web3 Gaming is Competitive: Global Gaming Report 2024,” confirms this.

The report surveyed 1,000 gamers globally, and results showed that one of the main reasons why players aren’t getting into Web3 games is they don’t understand how to get started.

Over 32% said they “have no idea how to start,” and 11.42% said using a crypto wallet sounds way too complicated.

Gamers love competition, not complexity

The survey also dug into why gamers play. Over 64% said that their favorite part of gaming is winning rewards through competition.

They enjoy the challenge and skill it takes to win, not the messy, complicated process of setting up wallets. 

About 14% of gamers mentioned the sense of community is important in their gaming experience, while around 11% said they look for difficult and challenging games.

The report also shows that 64.22% of players prefer sports-related games, and 41.49% love competitive ones.

People are drawn to games that are “easy to learn but hard to master.” But right now, Web3 gaming isn’t easy to learn.

Skill-based wins, not pay-to-win

One area where Web3 games are winning is in how they make money. The old ways of Web3 gaming had a bad rep for being about “mercenary value extraction,” where players could just pay to win. 

But the new wave of Web3 games is all about skill. You win based on your ability, not your wallet. In fact, 57.54% of gamers play Web3 games to make money, with airdrops being a big motivator.

Another 42.03% want to earn income, and 32.54% love the competition itself. This makes Web3 games more attractive for those who want to be rewarded for their skill.

Winning now can mean real money, not just in-game currency. The competitive nature is even stronger when players know they can turn their skill into income.

This aligns with what game developers want too.

The Open Network (TON) and the growing web3 gaming space

With over 900 million monthly active users, Telegram offers a huge distribution platform for Web3 games. And TON-based games are already seeing success.

For instance, Notcoin, a hyper-casual blockchain game, attracted over 40 million users in mere weeks. Its token, NOT, launched on Binance and quickly achieved a fully diluted valuation of over $1 billion.

Another hit in the ecosystem is Hamster Kombat, which has drawn over 200 million registered users and more than 30 million daily active users.

This game is also popular because it doesn’t rely on traditional Pay-to-Win strategies. There’s no in-game advantage for spending money, only skill-based rewards.

The success of these games points to a trend that could redefine competitive gaming. But they’ve also simplified crypto wallet integration for users.

That’s the secret sauce.

Telegram is the biggest Web3 app, easily onboarding hundreds of millions of real users with its built-in wallet.

This automatic setup makes everything seamless. Users don’t even realize that they’re dealing with crypto, which is great. Blockchain adoption should be in the background, not a hurdle.