What do you think about the current state of the Web 3.0 field?
Yuta Hayakawa (hereinafter, Hayakawa): After the winter of 2023, I think that the number of projects that only aim for a temporary boom is decreasing, and projects with real value are spreading. Specifically, I feel that there is a growing awareness that it is difficult to expect continuous development unless value is provided to the outside world, capital is acquired, and the ecosystem is expanded, rather than ending with funds from new users circulating within the project, as in the Ponzi schemes that existed in large numbers since the ICO era in 2017.
In addition, it is understood that the market will not expand with an exclusive idea that "Web 3.0 is supreme and Web 2.0 is not good", and there are increasing efforts to involve traditional platformers, which I think should be the entry point, even if there are pros and cons. The gap between the two is bigger than people in Web 3.0 think, and the pure Web 3.0 area is still a limited market, so it will remain as one narrow industry, and a transition period is necessary, as it will not be possible to shift the whole from Web 2.0 to 3.0.
Personally, I think it is attractive that Web 3.0 is easy to build a model that is self-sustaining and easy to attract contributors, like DAO, and I imagine that by demonstrating the success of such organizations and projects, it will become common in Web 2.0 as well.