Illuvium

DeFi

when

Read

<p><strong>Kieran Warwick, the founder of GameFi project Illuvium valued at just under $900 million as of April 1, according to public metrics sat down with Cointelegraph to discuss what he views as challenges to the industry and possible highlights of the year ahead.</strong></p>
<p>Here’s what he had to tell us.</p>
<h2 class="wp-block-heading" id="h-1-what-is-the-main-hurdle-to-mass-adoption-of-blockchain-technology">1) <strong>What is the main hurdle to mass adoption of blockchain technology?</strong></h2>
<p>The biggest challenge we face is user experience. Its getting much better, but purchasing crypto and participating in things like staking, lending, borrowing and governance is still daunting. This is why we see such crazy inflows to meme coins. There are no complicated white papers. The big ones are on centralized exchanges. The narratives are straightforward, and the technical barriers are low.&nbsp;</p>
<h2 class="wp-block-heading" id="h-2-from-decentralized-applications-dapps-to-nonfungible-tokens-nfts-and-decentralized-finance-defi-we-have-seen-many-killer-apps-for-crypto-but-none-have-really-taken-off-yet-what-will-stick"><strong>2) <strong>From </strong><a target="_blank" href="https://cointelegraph.com/defi-101/what-are-dapps-everything-there-is-to-know-about-decentralized-applications"><strong>decentralized applications (dApps)</strong></a><strong> to </strong><a target="_blank" href="https://cointelegraph.com/nonfungible-tokens-for-beginners/what-are-nfts-and-why-are-they-revolutionizing-the-art-world"><strong>nonfungible tokens (NFTs)</strong></a><strong> and decentralized finance (DeFi), we have seen many killer apps for crypto, but none have really taken off yet. What will stick?</strong></strong></h2>
<figure class="wp-block-image alignleft size-large is-resized">
 <img decoding="async" src="http://cointelegraph.com/magazine/wp-content/uploads/2024/03/Kieran-Warwick-celebrating-his-engagement-679x1024.jpg" alt="Kieran Warwick celebrating his engagement" class="wp-image-30736" width="367" height="553" srcset="https://cointelegraph.com/magazine/wp-content/uploads/2024/03/Kieran-Warwick-celebrating-his-engagement-679x1024.jpg 679w, https://cointelegraph.com/magazine/wp-content/uploads/2024/03/Kieran-Warwick-celebrating-his-engagement-199x300.jpg 199w, https://cointelegraph.com/magazine/wp-content/uploads/2024/03/Kieran-Warwick-celebrating-his-engagement-770x1161.jpg 770w, https://cointelegraph.com/magazine/wp-content/uploads/2024/03/Kieran-Warwick-celebrating-his-engagement.jpg 850w" sizes="(max-width: 367px) 100vw, 367px">
 <figcaption class="wp-element-caption">
  <em>Kieran Warwick celebrating his engagement to his now-wife, Bianca Jane Warwick.</em>
 </figcaption>
</figure>
<p>Im obviously biased, but I truly believe gaming will get true mainstream adoption. Its easy for people to understand, and the introduction of non-custodial wallet solutions like IMX passport means players can create an account in a few clicks and start playing games like they normally would, except these games will give users true ownership of their assets, and this will lead to further exploration into NFT marketplaces, DeFi applications, and the broader crypto ecosystem.&nbsp;</p>
<h2 class="wp-block-heading" id="h-3-what-has-been-the-toughest-challenge-you-ve-faced-in-our-industry-so-far">3) <strong>What has been the toughest challenge youve faced in our industry so far?</strong></h2>
<p>The hardest thing for me is adjusting to the gradual pace of mainstream adoption. My impatience often kicks in when I observe the slow acceptance of what appears to be clear and beneficial innovation, and it’s frustrating when others fail to see the same potential.</p>
<section class="adv-banner adbutler-ad adbutler-ad__desktop">
 <div class="container">
  <a href="https://servedbyadbutler.com/go2/;ID=169476;size=728x90;setID=601214;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fwp-json%2Fwp%2Fv2%2Fposts%3F_embed%26per_page%3D100" target="_blank"><img src="https://servedbyadbutler.com/adserve/;ID=169476;size=728x90;setID=601214;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fwp-json%2Fwp%2Fv2%2Fposts%3F_embed%26per_page%3D100;type=img"></a>
 </div>
</section>
<section class="adv-banner adbutler-ad adbutler-ad__mobile">
 <div class="container">
  <a href="https://servedbyadbutler.com/go2/;ID=169476;size=300x250;setID=601213;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fwp-json%2Fwp%2Fv2%2Fposts%3F_embed%26per_page%3D100" target="_blank"><img src="https://servedbyadbutler.com/adserve/;ID=169476;size=300x250;setID=601213;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fwp-json%2Fwp%2Fv2%2Fposts%3F_embed%26per_page%3D100;type=img"></a>
 </div>
</section>
<p>Also, the expectation for constant transparency in our field creates a double-edged sword. While it establishes trust and engages our community and investors, the continuous need to provide detailed updates can be taxing. Transparency is crucial because failing to communicate adequately can lead lost investor confidence, which is detrimental to any project.&nbsp;</p>
<h2 class="wp-block-heading" id="h-4-what-do-you-think-will-be-the-biggest-trend-in-blockchain-for-the-next-12-months">4) <strong>What do you think will be the biggest trend in blockchain for the next 12 months?</strong></h2>
<p>Im torn between gaming and DeFi applications built on<a href="https://cointelegraph.com/learn/a-beginners-guide-on-blockchain-layer-2-scaling-solutions" target="_blank" rel="nofollow"> layer-2s</a>. In the last cycle, much of the hindrance to crypto was high gas fees and slow transaction times. Yield farming was the biggest trend in the last bull market and most attractive due to the high APYs.</p>
<p><em><strong>Related: </strong></em><strong><em><a href="https://cointelegraph.com/news/illuvium-epic-games-mainstream-listing" target="_blank" rel="nofollow">Blockchain game Illuvium goes mainstream with looming Epic Games Store listing</a></em></strong></p>
<p>So as much as I think gaming will melt faces this year, I have this sneaking suspicion we will see a resurgence of yield farming. Maybe yield farming 2.0!</p>
<h2 class="wp-block-heading" id="h-5-what-s-the-most-interesting-place-you-ve-ever-visited-and-why">5) <strong>Whats the most interesting place youve ever visited, and why?</strong></h2>
<p>When I was in my early 20s, I booked a Contiki tour in South America with my best friend. Part of the tour was in Peru. He had just gone through a breakup and had read about ayahuasca and how it could help you to overcome hardships. Without thinking about it too much, I agreed to do it with him. </p>
<div class="article-suggest"> 
 <div class="article-suggest__title display3">
  Read also
 </div> 
 <div class="article-suggest__items"> 
  <div class="article-suggest__item"> <a href="https://cointelegraph.com/magazine/building-blocks-millennials-use-crypto-tokens-property-ladder/" class="article-suggest__subtitle display4"> <span>Features</span> <p>Building blocks: Gen Y can use tokens to get on the property ladder</p> </a> 
  </div> 
  <div class="article-suggest__item"> <a href="https://cointelegraph.com/magazine/4-out-of-10-nft-sales-are-fake-learn-to-spot-the-signs-of-wash-trading/" class="article-suggest__subtitle display4"> <span>Features</span> <p>4 out of 10 NFT sales are fake: Learn to spot the signs of wash trading</p> </a> 
  </div>
 </div>
</div>
<p>The whole thing was a crazy experience. The night before, a nurse came to our hostel and had us drink 10 liters of volcanic water to flush out our system in preparation for the next day’s ceremony. In the morning, we were whisked deep into the jungle to a spiritual lodge where the ceremony would occur. There was also a noble silence rule, which meant you couldnt speak the whole time you were there. I remember thinking, “What have I gotten into,” because I love talking! But here I was in the middle of the jungle, about to drink a thick black sludge I had no idea about, in one of the most beautiful settings I had ever seen, in complete silence with nothing but natural sounds. To say it was an experience is understating it. I dont think I will ever do that again, but Im glad I did.</p>
<h2 class="wp-block-heading" id="h-6-what-book-has-influenced-you-the-most-why">6) <strong>What book has influenced you the most? Why?</strong></h2>
<p>Without a doubt, it is Phil Knights autobiography, <em><a href="https://www.barnesandnoble.com/w/shoe-dog-phil-knight/1123427012" target="_blank" rel="nofollow">Shoe Dog: A Memoir by the Creator of Nike</a></em>. The way he started Nike is genuinely remarkable. I read it while I was having massive doubts about one of the startups I had founded, and it motivated me to continue even though there were so many hurdles. That startup taught me many lessons on resilience, the power of business partnerships, and coping with stress. These are all things that have helped me immensely in Illuvium.&nbsp;</p>
<div class="subscribe subscribe--inner">
 <div class="container">
  <div class="subscribe__inner">
   <div class="subscribe__content"> 
    <div class="subscribe__title display2">
     Subscribe
    </div> 
    <div class="subscribe__desc text-l">
     The most engaging reads in blockchain. Delivered once a week.
    </div> 
    <div class="wpcf7 no-js" id="wpcf7-f13672-o2" lang="en-US" dir="ltr">
     <div class="screen-reader-response">
      <p role="status" aria-live="polite" aria-atomic="true"></p> 
      <ul></ul>
     </div>
     <form action="/magazine/wp-json/wp/v2/posts?_embed&amp;per_page=100#wpcf7-f13672-o2" method="post" class="wpcf7-form init subscribe__form demo" aria-label="Contact form" novalidate data-status="init">
      <div style="display: none;">
       <input type="hidden" name="_wpcf7" value="13672">
       <input type="hidden" name="_wpcf7_version" value="5.7.7">
       <input type="hidden" name="_wpcf7_locale" value="en_US">
       <input type="hidden" name="_wpcf7_unit_tag" value="wpcf7-f13672-o2">
       <input type="hidden" name="_wpcf7_container_post" value="0">
       <input type="hidden" name="_wpcf7_posted_data_hash" value="">
      </div>
      <fieldset class="form-group">
       <p><input size="40" class="wpcf7-form-control wpcf7-text wpcf7-email wpcf7-validates-as-required wpcf7-validates-as-email" id="footer-subscribe" aria-required="true" aria-invalid="false" value="" type="email" name="your-email"><label for="footer-subscribe">Email address</label></p>
      </fieldset>
      <p><button class="subscribe__btn btn btn-white">SUBSCRIBE</button></p>
      <div class="wpcf7-response-output" aria-hidden="true"></div>
     </form>
    </div>
   </div>
   <div class="subscribe__img"> 
    <img src="https://cointelegraph.com/magazine/wp-content/uploads/2022/10/reading-copy.png" alt="Subscribe to Magazine by Cointelegraph Newsletter.">
   </div>
  </div>
 </div>
</div>

6 Questions for Illuvium founder Kieran Warwick

Indice dei contenuti

Cointelegraph

Altri articoli pubblicati su 2 apr 2024

Ethereum’s dip under $3.4k could signal steeper drop

Embark on DeeStream’s Presale Journey Toward 100X Gains: First Digital USD and Kaspa Rush In Earl...

Crypto: SBF convicted, what fate for his former associates?

Raffle Coin Sets the Stage for a 50X Surge, Rallying Investors from Bitcoin Cash and Polkadot for...

Top Altcoins to Buy in Q1 of 2024; KangaMoon, BNB, Solana, Polkadot, Cardano

Emerging DeFi Token Retik Finance (RETIK) Gains Rapid Popularity, Becomes Major Threat to Polygon...

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!