Is it really Web3, or should we be calling it Finance 2.0 instead? 🤔
There's an interesting debate brewing around what we're actually building here. The traditional narrative pushes 'Web3' as the umbrella term, but some argue the core innovation isn't about decentralization of the internet—it's about reimagining financial systems and markets.
Think about it: most of the real activity and value creation is happening in DeFi protocols, trading, yield farming, and token economics. The infrastructure innovations are undeniably powerful, but they're serving finance-first use cases.
Maybe Finance 2.0 better captures what's actually happening—a parallel financial system built on blockchain rails, with different rules, accessibility, and mechanics than traditional markets.
What's your take? Is the distinction just semantics, or does it matter how we frame this industry?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
5 Likes
Reward
5
4
Repost
Share
Comment
0/400
TooScaredToSell
· 5h ago
Basically, it's just financial speculation disguised as a technological revolution. I've seen through it long ago.
View OriginalReply0
WenMoon42
· 5h ago
To be honest, I've wanted to criticize the term Finance 2.0 for a long time. The concept of Web3 has already been overhyped.
View OriginalReply0
ImpermanentTherapist
· 5h ago
To be honest, all these Web3 and Finance 2.0 are just buzzwords; essentially, they're all just about speculating on cryptocurrencies🤷
View OriginalReply0
FortuneTeller42
· 5h ago
To be honest, the term Web3 has been overused for a long time; renaming it to Finance 2.0 doesn't change the essence.
Is it really Web3, or should we be calling it Finance 2.0 instead? 🤔
There's an interesting debate brewing around what we're actually building here. The traditional narrative pushes 'Web3' as the umbrella term, but some argue the core innovation isn't about decentralization of the internet—it's about reimagining financial systems and markets.
Think about it: most of the real activity and value creation is happening in DeFi protocols, trading, yield farming, and token economics. The infrastructure innovations are undeniably powerful, but they're serving finance-first use cases.
Maybe Finance 2.0 better captures what's actually happening—a parallel financial system built on blockchain rails, with different rules, accessibility, and mechanics than traditional markets.
What's your take? Is the distinction just semantics, or does it matter how we frame this industry?