Interest in the revolutionary technology “NFTs” has been growing over the last few years; in many countries, it peaked last year, in others, such as Singapore and the United Arab Emirates, the NFT boom is now. The number of NFTs being purchased and heard about is increasing, which goes beyond the crypto enthusiast community. Since the real hurdle to expanding a market is turning curious people into investors in order to raise the market cap of NFTs, it’s the new investors that need to be supported. Poor user experiences are causing a decline in investors, and also lowering market capital. Reliability, education, and necessity are the main barriers to NFT adoption according to research.
NFTs have been greatly restricted in their adoption due to these obstacles. One columnist for The Daily Eastern News claims that NFTs are “really confusing”, while other writers criticize NFT marketplaces for being too technical, confusing and fragmented across Web 3.0. Many marketplaces have tried to make it easier for NFT investors to enter. Opensea added MoonPay, a way to buy cryptocurrency. An investor can add money to their account and buy NFTs using MoonPay. MoonPay is currently banned in several countries. The lack of support and education are also issues.
There is currently no market that can solve all the barriers. NFTs marketplaces run on different blockchains which can lead to a fragmentation of fanbases, communities, assets, and art. To increase market capitulation in the NFT market, an all-in-one platform is needed that eliminates obstacles and educates new users.
Ludo is a revolutionary Web 3.0 app that allows for both play-to-earn and NFTs. Ludo is the portal to all things NFT and the metaverse. The platform allows users to discover, share, highlight, promote, and earn. Ludo is aware there are barriers to NFT adoption and aims to remove them all, as shown in their Manifesto, which states: “At Ludo, we don’t simply want to be part of this New Renaissance. We want to shape it.”. It is now up to Ludo how will he tackle NFT adoption barriers and raise the NFT market capitulation.
Reliability
Ludo makes it easy to access other marketplaces. Ludo is a platform which displays all information available from any marketplace. With Ludo, a user’s first NFT experience is simplified to accessing their app and finding the NFT they want. There’s no need to search across blockchains to search for a marketplace.
Education
Ludo offers a sleek and simple interface which is easily understood by new users. The app avoids technical jargon and explains terms in simplified ways, such as concert ticket NFTs and gaming NFTs labeled as ‘experiences. Search tools can be simplified to include filters for type, price, blockchain and cost. NFT icons indicate the NFT price and blockchain, as well as other pertinent information. NFTs information is available for users who wish to further their knowledge.
Necessity
NFT-based content continues to grow as more music, games, and other physical assets are added. This is due to the fragmentation in the NFT market. Ludo, as we have already stated, is a one-stop-shop for information, creation and advertisement. Ludo is becoming more important as the NFT market expands.
Ludo eliminates all barriers by providing a reliable platform that’s educational, supportive, and seamless. Ludo offers a user-friendly, high-quality platform that is accessible, supportive, and easy to use. New investors are much more likely to purchase, stay and expand the NFT industry. Ludo makes it easy for the newcomers to have positive user experiences. Learn more about Ludo, and sign up to become an Alpha tester here.
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