As Web3 remains in its early stages, its ideals and original vision of creating an interoperable financial landscape are under attack, according to Jamie Burke, the founder and CEO of Web3 accelerator Outlier Ventures.
In an interview with Cointelegraph, Burke outlined several aspects of Web3 that are currently threatened by Web2.5 and regulatory actions. The executive said that while these are “understandable,” it takes Web3 away from its original purpose and impedes its wider vision.