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Solving Crypto's Onboarding Problem | Arianna Simpson, Riyaz & Nass (Bastion's Founders)
Oct 5, 2023
Crypto experts Arianna Simpson, Riyaz Faizullabhoy, and Nass Eddequiouaq discuss topics such as crypto's friction points, the application vs infrastructure phase, Bastion's role in enabling simple onboarding and a Web2-like user experience, over-indexing on decentralization, unique use cases enabled by Web3, rebuilding trust in crypto, and the insane challenge of NFT projects.
52:28
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Quick takeaways
- Bastion aims to solve the clunky and unsafe onboarding process to Web3 by offering a seamless integration of custodial wallet infrastructure with various authentication methods.
- Bastion addresses the high friction and scalability issues of Web3 experiences by developing a smart transaction routing system that routes interactions off-chain, reducing costs and saving time.
Deep dives
Bastion's Three Pillars and Problems: Onboarding, Friction, and Data
Bastion aims to solve three core problems in Web3. The first problem is the clunky and unsafe onboarding process to Web3. Bastion offers a custodial wallet infrastructure that seamlessly integrates with various authentication methods. The second problem is the high friction and scalability issues of Web3 experiences, including gas costs. Bastion developed a smart transaction routing system that routes interactions off-chain, reducing costs and saving time. The third problem is the lack of data and analytics for businesses in Web3. Bastion offers a data analytics and insights platform to help businesses understand what's happening on their platform. Bastion is focused on building a comprehensive platform to address these three pillars and provide the best user experience.
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