Decentralized Social Media Application Faces Challenges in User Adoption and Retention

Despite the recent buzz around the decentralized social media application Friend tech, industry leaders argue that there is still much work to be done and many challenges to overcome in order to attract and retain users on the platform. A Boring and Expensive Platform Ed Moss, Growth Manager at Layer-1 blockchain firm DeSo, stated that the process of buying cryptocurrencies from an exchange, transferring them to a wallet with a bulky Chrome extension, and then paying high gas fees to transact on-chain or across chains is boring and expensive for first-time users. “We’ve seen that 99% of mainstream users would drop off at this initial step, so simplifying this flow is critically important.” However, according to Suhail Kakar, the creator of the DeSo application Onboard, the problems can start even before this point. The post Decentralized Social Media Application Faces Challenges in User Adoption and Retention appeared first on COINTURK NEWS.