HomeTechnologyNewsAptos CEO is bullish on Web3, here's why

Aptos CEO is bullish on Web3, here’s why

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Quick grab:

  • First, web3 tech giants like Google and Apple need to be convinced to rely on blockchain to improve user experience and manage scalability.
  • Second, the web3 builder community should focus on building world-changing dApps for multiple use cases.
  • Third, the community should use public forums like CES and the World Economic Forum to communicate the benefits of web3.

Mo Shaikh believes that the future is still bright for Web3. The CEO of Aptos wrote a blog post “Web3 deserves a permanent place on the agenda of global decision makers,” according to CrunchBase, which explains what needs to happen for web3 to reach its full potential.

According to Shaikh, web3 represents more than cryptocurrencies. We’ve already seen this in gaming, social media, finance, sports, entertainment, education, and commerce, among others. These are the areas where companies can derive use cases for the next iteration of the web. Therefore, it should not be considered as volatile as the crypto itself.

However, to move to the next frontier, the industry requires three things to happen, which Shaikh lists in one paragraph as follows.

First, the industry needs companies like Google, Apple and Amazon to jump on the web3 bandwagon and build on highly scalable blockchains focused on improving user experiences.

Second, Shaikh believes that it is important to empower and encourage Web3 developers to create decentralized applications for multiple use cases.

And third, he also urged the community to use thought leadership platforms such as the World Economic Forum, the Consumer Electronics Show (CES), and the United Nations General Assembly (UNGA) to advocate for the benefits of the web3 with a selected group of decision makers.

While Shaikh understands that it’s not an easy task to get everyone to switch to Web3, he believes that improving the user experience, security and entertainment can play an important role in the onboarding process.

“I will be among the first to say that the last seven years have been spent testing the limits of Web3 and blockchain in a relative vacuum. Significant gaps in user experience, security and entertainment must be filled for Web3 to enter the daily grind around the world,” he wrote.

Shaikh believes that in the coming years more people will be able to access web3, with greater sophistication that will bring improvements to the ecosystem.

The head of Aptos also believes that it will be important to involve business and government leaders.

“I am optimistic about what the near future holds for Web3 if we can use forums like Davos or UNGA to guide governments, businesses and society towards creating a more transparent, inclusive and experience-based digital community,” he wrote. .


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