16 January 2024

How Web3 Can Ignite a 2024 Comeback

With funding for Web3 startups plummeting, the sector anticipates a resurgence by embracing decentralized infrastructure and bridging the gap with traditional Web 2.0 companies.

Startups: How web3 can have a 2024 comeback

Web3 startups experienced a significant decline in funding, with a 76% decrease in the second quarter of 2023 compared to the previous year. Despite the challenges, including high-profile failures and regulatory pressures, the potential for decentralized databases remains significant.

Bridging the Gap to Mainstream Adoption

To bridge the divide between Web 2.0 and web3, startups in this space must adapt their language to be more understandable, highlight their unique value propositions, and leverage the advantages of decentralization for compliance, security, and user experience.

Web3, 2024 Comeback, Blockchain, Crypto, Decentralization, Funding Decline, Investment, Technology, Tech Startups, Data Privacy

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