- The CEOs of Uniswap and EOS Foundation emphasize the need to focus on onboarding the next billion Web2 users to Web3.
- Both leaders express the importance of disruptive crypto projects and leverage the power of blockchain for mass adoption.
The recent tweets from Uniswap founder, Hayden Adams (@haydenzadams), and EOS Foundation CEO, Yves La Rose (@BigBeardSamurai), signal a clarion call for the blockchain industry. The duo advocates the pivotal migration of the next billion Web2 users to Web3, asserting the need for innovation over competition within the existing user base.
Mass adoption will come from on-boarding the next billion users from Web2 to Web3.
We need apps that bring new people into this space more than we need to compete with one another for the existing user base.
— Yves La Rose (@BigBeardSamurai) July 22, 2023
I want more crypto projects that try to disrupt popular web2 apps using crypto superpowers to discover new use cases rather than building marginal improvements on the few existing use cases (AMMs, lending, etc)
Vampire attack web2, not uniswap for the 5000th time
— hayden.eth 🦄 (@haydenzadams) July 22, 2023
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A Web3 Future: Unlocking Potential
The conversation’s epicenter revolved around the necessity for disruptive crypto projects that can outmaneuver popular Web2 apps. This implies employing the extraordinary potential of blockchain technology to unearth fresh use cases, rather than simply focusing on marginal enhancements over the existing ones. Their concept of ‘vampire attacking’ Web2 signals a massive opportunity.
Adams champions the notion of enhancing competition, however, he expresses the desire to witness more novel, user-centric use cases being developed for the cryptocurrency sector.
Echoing this sentiment, La Rose’s focus hones on the potential of GameFi. According to him, GameFi could expedite the onboarding of millions of new users virtually overnight, many of whom may not even realize they’re interacting with a blockchain. This could be accomplished through the creation of chains like #EOS, already powering some of the most in-demand GameFi dApps.
Additionally, La Rose declared that the EOS Foundation is putting its maximum effort into making EOS the top choice for developers. His ambition is to provide comprehensive financial and non-financial support to developers in order to encourage them to build on a scalable and reliable chain.
The EOS Factor: A New Era of Blockchain Development
The EOS blockchain has been building momentum with the launch of a $100m ecosystem fund to invest directly in projects building on the platform. This fund is overseen by EOS Network Ventures (ENV), an independent EOS-centric venture capital firm. ENV operates separately from the non-profit Foundation, though both strive to stimulate the growth and development of the EOS Network.
The EOS Network Foundation’s main objective is to position EOS as the preferred choice for Web2 businesses transitioning to Web3, aiming to spark the next wave of blockchain innovations. EOS Network Ventures will manage the fund, making strategic equity and token-based investments across the Web3 space.
In conclusion, the dialogue between Adams and La Rose illuminates a key perspective in blockchain innovation – focusing on harnessing the power of the technology to onboard new users into the Web3 ecosystem, rather than engaging in intra-sector competition. This collaborative approach signifies a promising direction for the next era of blockchain development.
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