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Web3 Visionary Alex Tapscott Discusses Blockchain’s Road to Mass Appeal – Here’s What You Need to Know

Fredrik Vold
Last updated: | 1 min read
Bitcoin mass adoption
Source: Adobe / Exotic Escape

In a recent podcast interview, Web3 advocate and author Alex Tapscott shared insights into the future of blockchain and its journey towards mass adoption.

A visionary who is known as the author of several blockchain, Tapscott discussed the technology’s potential to transform numerous industries in a conversation with hosts Ray Salmond and Jonathan DeYoung in a new episode of The Agenda podcast.

Drawing from his new book, Web3: Charting the Internet’s Next Economic and Cultural Frontier, Tapscott delved into the impact of Web3 on society, including non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and the metaverse.

Contrary to the notion of complete replacements, Tapscott emphasized the integration of Web3 tools into existing industries, envisioning a coexistence that enhances user sovereignty and control over data and assets.

He highlighted the gradual nature of the blockchain revolution, noting that new, user-friendly innovations in Web3 will drive adoption as they offer utility and fun.

Blockchain doesn’t solve every problem

Addressing regulatory challenges, Tapscott acknowledged the ongoing process of “ironing out the kinks” in blockchain technology to turn the technology into “something that everybody wants to use.”

However, he also shared insights from a conversation with Chris Dixon of venture capital firm Andreessen Horowitz (a16z), emphasizing the importance of improvement of technology over time.

Tapscott cautioned against viewing technology, including blockchain, as a panacea for all problems, noting that many people treat Bitcoin as a religion.

“I don’t want to get political or anything like that, but like comment on people’s faith, but I just think it’s just not the right way to think about technology as something that can solve all your problems,” he said.