What do you think about the current Web 3.0 area?
Shinsuke Sato (hereinafter, Sato): I feel that the current Web 3.0 area is now ready for practical applications between businesses. However, I also recognize that it is still only spreading among people who were originally in the Web 3.0 area.
According to the latest information in 2024, the average global cryptocurrency ownership rate is 6.8%, and it is estimated that there will be more than 560 million users worldwide. Of these, it is said that self-custody wallets, which are necessary to access Web 3.0, are estimated to be about 3%. As such, Web 3.0 is still in its infancy globally, and I think that the application layer operators in this area will be able to show their skills in how they incorporate the remaining 97%.
Regarding the spread of self-custody wallets, it was previously the case that users had to take action to generate them. However, recently, services have emerged that allow you to generate a wallet by registering your email address. I think that wallets themselves will gradually become more widespread if we can overcome the barriers between Web 2.0 and Web 3.0 and create a system where wallets are automatically generated when logging in.