The last few days I've really been sitting back and studying things as I want to make changes as I feel like I got myself well too deep into crypto since the last bull run.
Over three almost four years ago now web3, metaverse and defi/dex has been all the talk. But to this day we really have nothing at all that even remotely comes close to being real competition.
If anything it feels like we have taken a step back into more of a web 2.5 which is trying to blend traditional web2 into web3 as web3 clearly was not working. You'll see this pretty often in a lot of writeups and ever from devs and projects these day in which web2 elements are being blended into their "web3" projects.
But really there's not much that needs to go into it. Someone just have to build a system like Youtube, Facebook or x or any of these rather successful web2 projects and them implement it on to a web3 solution.
Personally I don't think the decentralized method is going to work there needs to be core devs and people at the top making the decisions but perhaps some type of blend of it all would make sense and do well.
There's been so many attempts so far but they have all amounted into nothing. Primarily because they lack the main core function that people really care about and that's the what's in it for them factor.
None of these projects really have implemented ad revenue into their sites. For some reason everyone is on their high horse about it and for some reason thinks money is just going to sprout up from nothing. It legit makes no sense as every web2 platform that has done well has ad revenue at it's core for how they made and continue to make money. When in the hell would web3 be any different than that?
It just blows my mind the thinking and mentality around web3 to and maybe it's finally starting to click now that we are opening up instead to web2.5 options.
But it's clear for sure that every web3 option has failed to produce any meaningful income for it's users, any meaningful userbase and really anything meaningful at all.
I've also seen a lot of web3 social platforms also come under fire from the SEC as of late. In particular Diamond was recently hammered by the SEC and the price of that asset has fallen by over half.
It's pretty wild that still to this day years later we have no real viable web3 solution with real value and income generation. Instead we have cookie cutter small operations which are not scaling at all because there's nothing new there or these no revenue that's worth going after. Until web3 platforms start to solve this I simple see no growth and even the real potential of just going belly up which have have been seeing happening lately as well.
We can even apply this to gaming if you want to see it on a larger scale. Web3 gaming has failed in a huge way in fact we are even seeing these platforms now go to web2.5 solutions which we are seeing on places like Epic games for example.
DeFi and DEX are starting to finally get a leg up but until they figure out how to solve hacks and other bad actor things that constantly happen on this platforms I think it's going to be rough going.
Also it seems like Uniswap (in my opinion) is starting to head in the right direction with their staking token for their dex. I wrote about that more here Uniswaps new governance/investor toke It's going to be interest to watch this one play out and if they come under fire of the SEC. So far the way they implemented it are trying to shirttail it at the moment so we will see if others follow.
