People who dream big are talking about metaverses and gaming projects built for VR tech.
Many crypto projects started by promising to release a virtual world, a new metaverse environment, or focus on building content for META and other digital worlds. However, the market penetration of VR devices or PCs capable of running any massive online multiuser environments efficiently is still relatively low.
On the other hand, the number of people using mobile phones was estimated at over 5 billion in 2017 meaning that the vast majority of the Earth’s population has access to smartphones.
The importance of being mobile is undervalued
Many experts are pointing out that crypto platforms often lack the necessary level of accessibility and interacting with them is a challenge that general users are not prepared for.
Installing apps on their laptops, trying to understand how blockchain works and how data is presented, as well as a wide range of other tinkering associated with entering the crypto market, are still major factors slowing down the rate of adoption globally.
The latest estimate is that over 80% of the world’s population is using smartphones. Since 2017, the number increased by over 1.6 billion users which is not something mind-boggling.
These users will not give up their devices or switch to something more expensive in a decade or even more. We still have a lot of fuel in the mobile hype train.
Finally, companies are starting to focus on this hugely important market. Solana wants to build its Android phone Saga. The plans were announced in the first half of 2022.
Having its phone could be a game changer for SOL, but it could also be its demise considering how many companies tried and failed to build their hardware.
We need more mobile-friendly solutions
Most wallets have dedicated mobile app. Crypto exchanges are relying heavily on their mobile users. However, it is still not enough.
Projects that want to go viral and bring millions to their platforms must find ways to simplify their products and make them more accessible to the massive audience of smartphone owners!