Web3 could look very different after the bear market and investors are looking to capitalize early. CointelegraphCS takes a deep dive into Q3 for VC, which saw attention shift from buzz to building.
The crypto industry tends to have a problem with overusing buzzwords, like the way “DeFi” was everywhere just a couple of years ago. In 2022, it seems like every new startup and established blockchain company alike is taking up the “Web3” mantle. But what exactly is Web3?. To further understand the subject, it held a panel discussion with venture capitalist investors to find out how they see Web3.The panel was asked whether the term Web3 is overused or the next big thing.
“The media is capturing people’s imagination, and they’re kind of going, ‘Web3! We got a new thing coming!’ And what it does is it forced me — and I’m sure it’s forcing entrepreneurs everywhere — to think, ‘Okay, with Web3, what can I do?’ And so, all of a sudden, they’re getting more creative.” Draper provided his insights into the current state of the crypto industry and his thoughts on Web3. Also on the panel was Smiyet Belrhiti, managing partner at Keychain Ventures, which provides Web3 and blockchain investment opportunities to funds. Rounding out the panel was Julian Liniger, co-founder and CEO of Relai, a Bitcoin application.“Investors always get it wrong.
The panel’s guests also discussed the current state of the crypto market, venture capital activity in the crypto space, popular trends during 2022 and what may be on the horizon in 2023 — in addition to touching on Bitcoin and its role in Web3 and DeFi moving into the future. The opinions expressed in this article are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.
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