Hard to build #brands Harder to build businesses
Many #Web3 organizations I have interacted with don't have a business model other than shoving a token or living out of a grant from a project (which has a token)
Revenue models need to be really worked on in #Web3
66% of Indians in crypto are experiencing a loss of more than 65% in their present portfolio.
And they cannot set off their losses as per the latest income tax rules on crypto.
๐จA recent Consumer Protection report by Federal Trade Commission.
๐บ๐ธ states that nearly half the people who reported losing #crypto to a scam since 2021 said it started with an ad, post, or message on a social media platform.
There's a need for #decentralisation in every industryย where humans are involved in the verification process.
ย
Humans are selfish;
they have emotions and it can be dangerous.
#Web2:
In 1999, there were 457 Tech IPOs and over 25% doubled in stock prices.
Just after 2 years, there were only 76.
Many ideas were ahead of time like VoIP, eCommerce, and big data.
A similar thing is happening in #Web3 as many ideas are futuristic and ahead of time.
#Web3 is not just a "glorified" term to replace crypto๐๐
If you connect the pieces together you will find that everything that was initiated by:
Cypherpunksโก๏ธ Satoshiโก๏ธ Vitalik
had one common dream of finding the "internet of people" and that dream is called #Web3.
๐๐
Wow this statement ! " The govt doesn't understand crypto and hence they want to tax it heavily . We are losing talent to other countries. We are living in web 3 world. We can either choose to bite the bullet or the dodge the bullet "
Priyanka Chaturvedi
While retail & commerce was disrupt by internet. Few industries were only touched on the surface.
One of them is experiential entertainment. Few eg are :
- movie theater
-Theme parks
- monuments & Tourism
With the new world as a web3, New threats are their to spam us. Form the backdoors to front gates, the lies possibility of lossing assests . Just take as not all #NFTProjects showing website are genuine! #cybird#Web3