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devcon 7 / abstract wallets and chains through profiles

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Abstract wallets and chains through Profiles

Duration: 00:10:46

Speaker: Hira Siddiqui, Mujtaba Idrees, ley

Type: Lightning Talk

Expertise: Beginner

Event: Devcon

Date: Nov 2024

Profiles have been key to user retention in Web2 with most people having at least 7 profiles personalizing their experiences on various platforms. In contrast, Web3 lacks profiles, leaving dApps unable to understand user needs resulting in low retention rates. Despite onboarding efforts, 88% of wallets created through account abstraction last year were used less than five times. Perhaps tying user interests and reputation to wallets by creating profiles is the secret sauce for mass web3 adoption

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IdentityDigital SovereigntyUser ExperienceAccount Abstractionopenrankingrecommendation