Web3 Insider Confesses: I Barely Use Web3
2024-12-27
A Web3 veteran since 2018 confesses to rarely using crypto, highlighting the industry's stagnation. Despite billions invested, Web3 products fail to meet the needs of non-crypto users, largely offering volatility and online entertainment. The author reflects on the industry's focus on developer tools over consumer products, noting the shortcomings of traditional finance—high fees, inefficiency—without driving mass crypto adoption. Personal concerns about compliance, wallet management, time constraints, and risk aversion lead him to prioritize simpler investment strategies. He suggests Web3 might be better suited for a future generation.