• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Ankura
  • Class Actions
  • Criminal
  • Events
  • Features
  • Global
  • People
  • SEC
Browse: Home / 2022 / July / 04 / Web3 Is the Big Idea Customers Didn’t Ask For – Bloomberg

Web3 Is the Big Idea Customers Didn’t Ask For – Bloomberg

By Securities Docket on July 4, 2022, 9:03 am

These moments have led to lots of well-deserved mockery, especially amid the ongoing crypto winter, but they reveal a key failing that’s common among most of Web3’s prominent backers. After years of obsessing over consumer needs, Silicon Valley seems to have forgotten the crucial test that helped it become a dominant economic force. Instead, as McCormick acknowledged in a follow-up blog post, Web3 companies have generally treated user needs as a secondary concern, if they’re a concern at all. Instead they’ve focused first on what he called “financialization”—that is, attracting money and attention to the projects by building crypto tokens into them.

Source: Web3 Is the Big Idea Customers Didn’t Ask For – Bloomberg

Posted in Industry, Top | Tagged Web3

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Ankura

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2023 Securities Docket.

  • Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
  • Criminal
  • Class Actions
  • Features
  • Global
  • People
  • SEC
  • Events