To promote Web 3.0's development, projects must concentrate on creating products that attract non-crypto customers.
Over the past two years, funding and interest in Web 3.0 apps have skyrocketed around the globe. These funds have been invested both directly through venture capital (VC) and now through decentralized autonomous organizations (DAOs), as well as indirectly through institutional purchases of cryptocurrencies, which have driven up token prices and strengthened the crypto-based financial assets of Web 3.0 projects.
This growth was fueled by composability, or the ability to combine many services into a single, distinctive product. With the industry adopting intrinsically associated solutions, the growth of a more complete set of DeFi building blocks is enabling options that were previously not available.
Although we may expect additional resources pouring into the Web 3.0 sector over time, it is becoming more and more obvious that there is no (financial) resource scarcity. It does, however, lack goods that may be used by, are acceptable for, and appealing to a mass market.
Web 3.0 and cryptocurrencies are now mostly used by younger people and individuals with advanced technological skills, two traditional early adopter populations. That is to be expected with any modern and problematic technology. The same was true in the past for computers as well as Web 2.0 and social media. Only college-aged students were allowed to use Facebook when it was originally launched.
In order to keep Web 3.0 growing in size, adoption, and value, more emphasis must be put on developing products that the average individual can find value in every day of their lives.
