The author of the guest post, Tim Delhaes, CEO & Co-founder of Grindery, argues that the crypto industry has become disillusioned and needs to make a choice to either continue down the path of short-term speculation or demand better from the systems being built. The author highlights the actions of certain platforms, such as Telegram, that are aligning with regulators and enforcing restrictions on blockchain development. This, according to the author, mirrors the consolidation of power seen in Web2 and goes against the principles of Web3. The author emphasizes the need for decentralization and resistance to centralized control in order for Web3 to fulfill its purpose beyond gambling and speculation. The post calls for open systems, cross-chain accessibility, and a focus on infrastructure and long-term innovation in order to prevent the downfall of Web3.



Other News from Today