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Web3 no longer just about crypto and DeFi, says Polkadot founder Gavin Wood -Breaking


Web3 in 2022: Web3 not about Crypto and DeFi. Gavin Wood, founder of Polkadot says

Web3 may be a popular buzzword for cryptocurrency, but its utility and applications go far beyond blockchain. According to (DOT(Founder) Gavin Wood.

Exclusive interview at Cointelegraph with the World Economic Forum’s Annual MeetingWood discussed Web3 applications in Davos (Switzerland) and whether this all-encompassing idea needed to change beyond current usage. “I don’t think Web3 needs to evolve, really, from its origins too much yet but maybe in the future, it will,” he said before explaining the merits of the technology: