Web3 threatened by Web2.5 and regulations, exec warns

As Web3 remains in its early phases, its ideals and initial vision of producing an interoperable monetary landscape are under attack, according to Jamie Burke, the founder and CEO of Web3 accelerator Outlier Ventures.In an interview with Cointelegraph, Burke outlined a number of elements of Web3 that are presently threatened by Web2.5 and regulatory actions. Working with startups, Burke stated that there are founders who are building short-lived fixes due to various technical restrictions. Burke argued that when these silos are produced, it ends up with app chains that are not interoperable with other app chains. “And so, Web2.5 becomes long-term, and we never ever actually understand the full vision,” he added.Related: Peer-to-peer crypto exchanges struggle to navigate shifting legal landscapeOn the other hand, Burke said that the market is likewise dealing with regulative attacks from government factions who want to work out control over the industry.

As Web3 remains in its early stages, its perfects and initial vision of developing an interoperable monetary landscape are under attack, according to Jamie Burke, the creator and CEO of Web3 accelerator Outlier Ventures.In an interview with Cointelegraph, Burke laid out several aspects of Web3 that are currently threatened by Web2.5 and regulative actions. Burke argued that when these silos are produced, it ends up with app chains that are not interoperable with other app chains. “And so, Web2.5 becomes irreversible, and we never actually recognize the full vision,” he added.Related: Peer-to-peer crypto exchanges struggle to navigate moving legal landscapeOn the other hand, Burke said that the market is likewise dealing with regulative attacks from federal government factions who desire to work out control over the industry.