What is driving Web3 adoption?

3.4k views1 Upvote8 Comments

CEO in Software, 11 - 50 employees
Google announced that they’re creating a large Web3 effort, so it’s clear that Web3 creates opportunities to solve troubling issues with security and data management at the edge, as well as enabling metaverse deployment globally. By 2029, enterprises will have tremendous flexibility in what they deploy, where they deploy and what use case they can successfully deploy for. There will be a marketplace of solutions that can be aggregated into your own high-value and agile solution, ready to quickly exploit new opportunities, whether through edge or otherwise.
CTO in Finance (non-banking), 51 - 200 employees
A big ask for decentralisation in various areas is causing a huge adoption of web3.
Director of Engineering in Services (non-Government), 2 - 10 employees
Mostly the fear of missing out on something big. Not many people really have through through what is actually means in terms of delivering business value. It is all about possibilities at the moment. And that drives a lot of activity that eventually will deliver some innovations. But very little tangible genuinely innovations are available at the moment. If nothing else it has supported a renewed interesting technology innovation from non-traditional investors.
Chair and Professor, Startup CTO in Education, 5,001 - 10,000 employees
I am not very familiar with the technology, but I don't see a big difference from the current web. The idea of blockchain, NFL, metaverse, etc., to me, is all hype. Hence, claiming Web3 will incorporate all these technologies and make the web revolutionize is skeptic to me.
Director, Strategic Security Initiatives in Software, 10,001+ employees
Most technology follows a bell curve in terms of adoption, with 4 distinct phases. Web3 is in the “Early adopters” phase. The technology is revolutionary, but the current experience is not. Many users perceive the space as complex and dangerous, and it is.
VP of IT in Software, 2 - 10 employees
There are many reasons why people are interested in using Web3 technologies. Some of the primary reasons include:
1. The ability to create decentralized applications (dApps) that are not controlled by any single entity.
2. The ability to send and receive digital currencies without the need for a third-party intermediary.
3. The ability to access the decentralized web, which is not controlled by any central authority.
4. The ability to create smart contracts that can automatically enforce the terms of an agreement.
VP of Engineering in Software, 11 - 50 employees
Decentralization and DAO are supposed to add efficiencies. Big companies' Web3 projects and FOMO (Fear Of Missing Out) may also be a reason.
VP of Engineering in Software, 51 - 200 employees
Adoption was much commercial value. And commercial value needs champions that are willing to shoulder the cost of training or change management. Web3 adoption would be driven by a startup who is able to make the technology useful on a day to day basis.

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CTO in Software, 201 - 500 employees
Without a doubt - Technical Debt! It's a ball and chain that creates an ever increasing drag on any organization, stifles innovation, and prevents transformation.
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