Web3 evolution: Li Gong, partner of Youbi Capital, said that Web2 people can unlock growth hacking without violating transparency and decentralization.
Emerging industries still need to dramatically improve their code quality, work ethic, and ability to find market fit – all of which Web2 leaders are shaping by joining Web3 of.
Now, Web3 is the decision maker that welcomes the platform that has previously built hundreds of millions of users. For example, the former vice president of Google serves as the chief product officer of Coinbase. Lyft’s former CFO works at OpenSea, an NFT marketplace.
This is good for maturity, but according to critics, it’s bad for the spirit of Web3. Some critics worry that these leaders are not bold enough. Or, they will bring the worst elements of today’s platform to tomorrow’s platform. In my opinion, these newcomers can unlock growth hacking without violating transparency and decentralization. Let’s explore.
Web3: Why the leaders of Web2 are changing their stance
There is no doubt that the interest in blockchain and cryptocurrencies Attitudes are changing with the times. Fewer crypto scams, greater company diversity, and notable career opportunities suggest an industry that is looking for a foothold. Founders are following smart money as top VCs set their sights on Web3.
Why not? I would say Web3 is probably a better place for founders. The right projects can attract faster timelines, higher valuations, and more funding than Web2. Also, the space is less crowded. With credentials from the Web2 world, leaders can leverage existing networks to compete.
Also, these Web2 leaders want to be at the forefront. They are frustrated with corporate red tape and want to call the shots. Plus, they weren’t impressed by the reaction of tech veterans.
Earlier this year, four former Facebook employees joined forces to create a startup focused on Web3 and blockchain infrastructure. They point out that Facebook is not the right place to realize their ambitions because the company cannot aggressively adopt next-generation technologies. Clearly, Big Tech’s efforts were seen as too little, too late. For those hungry for change, Web2 leaders see today as the perfect opportunity to help create the Internet of tomorrow.