Web3 should attract newcomers and not be a “cash grab for brands” – CEO of Tech

Using Web3 And NFT has create another slate of millionaires is not it A GOOD to use of THE technology, said EndeavourXR CEO Amy Peck.

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THE crypto industry should to focus on building blockchain-based solutions everyone can advantage Since instead of launch species caught For brands, said Amy Peck, CEO of technology focused consultant farm EndeavorXR.

Peck said Cointelegraph has THE Lisbon the Web Summit that Web3 companies should be build first oriented And create attractive some products has draw new arrivals.

She added using Web3 And non-fungible tokens (NFT) as "just another money to input Since brands" has create another slate of multimillionaires "doesn't seem as A GOOD look" neither A GOOD to use of What East A "elegant technology. »

"This East A infinity landscape. THE money going has be there, RIGHT? Let's go build A better bread box. We to have THE opportunity has TO DO something Really interesting And reinvent This economic construction, invite more people has THE to party, not just create another 1%."

Obtaining A in chain evidence of identify, socket control And ownership of her data, link blockchain-based assets has THE real world And interact In THE Creator economy are among THE high things Peck said builders should to focus on has extract THE most value Since Web3.

Following FTX collapse And other industry deficits, Peck said a lot of her the company customer base said they "don't do it to want has touch crypto" And that "Web3 East all shenanigans. »

Lisbon the Web Summit on Nov. 16. Source: Joe Hall/Cointelegraph

Peck recognized It is Currently unrealistic For big brands has fully transition has Web3 but said There is Already A “Web2.5 center way" that these companies vs...