by Siamak Masnavi cipher ball
On Monday (June 13), US serial entrepreneurs, technology investors Kevin Ross Reviewed Ethereum, Web3, and the current state of the crypto market.
Ross is currently a partner true venture capital, where he focuses on “Blockchain (NFTs, Cryptocurrencies, DeFi), Consumer Internet and Health/Wellness”. He also hosts “prove” and”modern finance“podcast.
Some of Rose’s angel investments include Twitter, Square, Foursquare, Nextdoor, Blue Bottle Coffee and Facebook.
On Monday, Rose told his more than 1.6 million followers on Twitter that no matter how low Ethereum ($ETH) prices are in the current bear market, projects are more interested in the technology and the promise of Web3 — not just what they can do How much money you make – will continue to increase.
These are the market conditions that discourage money-motivated projects. There is no ETH price at which web3 becomes less interesting. Back to work. 🛠
— KΞVIN R◎SE (🪹,🦉) (@kevinrose) June 13, 2022
On February 28, at the (virtual) Web 3.1 Leadership Summit, Brian SolisSalesforce global innovation evangelist, award-winning author, and world-renowned futurist delivered a keynote speech.
In this speech, Solis “Talking about where we are and where we need to be to make the world a better place than it is.”
He said, “The top 9% of accounts in web3 hold 80% of the $41 billion NFT market cap, the top 2% hold 95% of the $800 billion bitcoin supply, and 0.1% of bitcoin miners are responsible for half of all mining output .” He went on to say that “Web3 shouldn’t be about this kind of elitism or exclusivity,” in fact, it “should be built on transparency, accountability, security, decentralization, trustless networks and communities. “.
