Fineqia CEO, a digital asset investment firm, believes that Web4 is the critical component in the widespread adoption of Web3.
He elaborated on his viewpoint, emphasizing that Web3 significantly relies on the technology infrastructure. Although creating new layers and applications is possible, the critical question is whether market demand or technological advancements drive these developments.
In contrast, Web4 identifies products consumers are willing to purchase and comprehends market requirements.
“To achieve widespread adoption, ensuring that the product is appealing to a broad audience is imperative.” “Therefore, concentrate on the product,” he stated.
Rangar asserts that Web4 encompasses more than just technology. Utilizing the appropriate combination of instruments is essential for developing products that benefit a wide range of individuals.
This method is fundamentally distinct from numerous existing layer-1s and layer-2s, which frequently need more practical applications for their products or applications despite their substantial market capitalizations.
“Consequently, [Web4] is reversing that.” We should examine the products first and then the technology. He stated, “Instead of constructing the technology and subsequently determining the products and market, we should instead construct the technology.”
Rangar, the co-founder of Glass Ventures at Fineqia, is in the vanguard of venture capital investments in early-stage Web 3.0 and Web 4.0 companies. During his two decades in finance, he has facilitated over $500 million in financing for UK, European, and Indian companies.
He elaborated on the types of venture capital firms interested in investing.
The CEO of Glass Ventures is excited about the potential for a new generation of products to emerge at the intersection of blockchain and artificial intelligence. This technology combination has the potential to establish a connection between the decentralized world and traditional finance.
Another area of interest is real-world asset tokenization, which creates digital tokens representing real-world assets. This “early infrastructure” is analogous to Bitcoin’s staking products.
Lastly, the organization is optimistic about the gaming industry because it allows for the transmission of value through in-game purchases, which is consistent with the fundamental principles of cryptocurrency.
He also stated that the increase in institutional investors’ interest in cryptocurrency is causing a surge in trading platforms. The company is witnessing the emergence of new platforms and user-friendly interfaces to increase the accessibility of crypto trading.
The complexity of Web3’s user interfaces has, in the past, impeded its widespread adoption. Metamask is a widely used tool but could be more user-friendly for beginners.
Therefore, Bangar emphasized that the development of user interfaces that are both intuitive and effective is equally critical to the development of the underlying trading platforms.
These platforms must facilitate the effortless acquisition and disposal of various crypto products. Ultimately, this activity generates new software and products, capitalizing on these burgeoning trends.
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