StepN Founder: NFTs are still a powerful communication tool, and quality design aids the development of Web3.

The co-founder of StepN recently delivered a speech at an event, discussing the value of NFTs and their future development direction. He believes that despite market fluctuations, NFTs remain a powerful communication tool with unique social attributes and value. He emphasized that the Web3 industry needs deeper value propositions, and well-designed NFT products can bring diverse experiences to users.

The speech mentioned that the conversion between NFTs and tokens requires time investment, and this mechanism can help filter users and standardize user behavior. For example, certain NFTs may take a month to move from beginner to advanced, and this process not only optimizes the user experience but also adds depth to the product.

The company has also invested significant resources in developing an anti-cheating system to ensure that rewards are distributed to real users rather than to speculators who only sell off tokens. They have also introduced an activation code feature, which allows the platform to maintain a stable user growth rate of 0.5% per day, thereby forming a sustainable economic model.

For Web3 social products, the co-founder emphasized the importance of user education. He suggested simplifying the product experience and processes to help users understand the product's value in a short period of time while ensuring the product's security. He specifically pointed out that social products need to grow continuously to build consensus, and this process may take a considerable amount of time.

Overall, the speech emphasized the continued relevance of NFTs in the Web3 ecosystem and the importance of designing excellent NFT products for user experience and platform growth. It also highlighted the key role of user education, anti-cheating measures, and sustainable growth strategies in building successful Web3 projects.