Why We Still Believe in Web3 | Real-World Use Cases for Emerging Markets
As seed and early-stage investors, it’s a core part of our job to assess the most cutting-edge solutions, and Web3 is an emerging tech layer that cross-cuts our thesis areas of adaptive agriculture and food systems, inclusive fintech, and climate-smart technologies.
A series of negative events over the last 12 months has caused many to lose confidence in the safety and reliability of Web3. Despite it all, we remain optimistic about the next chapter of Web3 and the power these transformative open-source, decentralized technologies have to create revolutionary new pathways for people to fully participate in the global economy and address the climate crisis (see our 2020 manifesto).
We see enormous potential in Web3 technologies to enable the accessibility and affordability of financial services for underserved groups, increase earning opportunities, drive transparency and efficiency in supply chains and nature-based solutions, transform how aid is delivered, and build coordination and incentive tools to drive climate action.
Here, we outline why we still believe in Web3 and the real-world use cases we’re excited about.
