One of the creators of the top smart communication platform Ethereum (ETH) says the Web3 burst will be exponentially bigger than the dot-com bubble burst of the late 1990s.
In a new thread on social media platform X, Joseph Lubin — who now serves as CEO of blockchain technology company ConsenSys — He says The Web3 boom is already underway, and it is believed that it will make a positive impact on the world.
“The Web3 boom has begun and it will be bigger than the dotcom boom. It will be a tough and tough ride, but it will transform the world for the better through strict, progressive decentralization and resistance to censorship.
Lupine goes on Note He is very bullish on ETH because it is attractive to large companies due to its large market cap, maturity, developer base and roadmap.
The Ethereum co-founder also says that blockchain is the next natural step in technological evolution, and most traditional companies will eventually move to digital ledgers in the coming years.
“Just as every company needed to move to the Web in the 1990s and 2000s, the gold rush to Web3 is about to accelerate dramatically. Web3 – the re-centralized Web – is the natural evolution of the open protocol, Internet and Web based on open specifications. Most traditional companies will start moving to Web3 within the next few years.
Lupine then He says That the cryptocurrency-related actions taken by President Donald Trump were “smart.”
“Activities related to the Trump family occur across a small number of ecosystems, as appropriate. They will build a big, serious DeFi (decentralized finance) business on Ethereum.
They make smart moves after weighing options. There are more high-value activities that should belong to Ethereum than to other networks. I believe the moderator himself will be balanced and judicious in the ways he promotes and uses different encryption techniques.
Ethereum is trading at $3,419 at the time of writing.
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