What could come next for Web3 is grounded in history — and completely unpredictable
There’s plenty going on with crypto and blockchain right now.
But the biggest news of the year is still the Securities and Exchange Commission’s approval of spot bitcoin ETFs — with $4.5 billion in trading volume in the first 24 hours, all eyes are on how this new investment vehicle will impact public engagement with crypto and blockchain.
Because even though blockchain technology has been in use (and in the public discourse) for over a decade, it’s still accurate to compare its progress to the early days of the internet. Its nascent point in evolution — and clear potential for eventual disruption — echoes Clayton M. Christensen’s disruptive innovation theory, a theory which highlights how technologies overturn established markets.
No matter how revolutionary or unique, fresh innovation remains intrinsically tied to the past. By learning lessons from pioneering technologies that are now accepted as core to life and society, we can navigate the complexities of this next great technological shift.
While there will be challenges in acceptance and utility along the way, I believe blockchain’s path to imminent mass adoption closely mirrors the innovation cycles of past technologies with humble, then astronomical trajectories. And the SEC’s spot bitcoin ETF approval is a moment that signals both validation and acceleration. Let me explain.
Continue reading here: