Investment and the Future of the Web3 Ecosystem

In the second half of Binance Blockchain Week 2024, projects that managed to survive in the crypto world, the proliferation potential of Web3 and investment opportunities came to the fore. Global investors and entrepreneurs discussed growth opportunities and challenges in the crypto sector.

Risk Management and Financial Discipline are Essential in Crypto Projects

Jez Mohideen, CEO of Laser Digital, stated that ETFs attract institutional investors, but for the projects to be successful, they must have solid risk management and financial discipline. The market determines the value of projects; That’s why realism in valuations is important, he said, underlining compliance with regulations for institutional investors.

Understand the Dynamics of the Crypto Market

Spartan Group Founding Partner Melody He stated that the crypto market has a dynamic structure and reflects the true value of the projects. “The market clearly shows what works and what doesn’t. He pointed out the importance of innovation by saying, “Entrepreneurs who develop a good product attract the attention of the stock markets.”

Marketing is as Important as Technology

Mechanism Capital’s Roland noted that a successful blockchain project must include not only technology but also effective marketing strategies. “With the entry of ETFs into the market, the sector continues to offer growth opportunities; Entrepreneurs should take advantage of these opportunities.” He encouraged those who want to survive in the crypto world by saying.

There is a Lack of Knowledge and Literacy in the Crypto Industry

Abdulla Alhaheri, CEO of Abu Dhabi Blockchain Center, said one of the biggest challenges in the crypto industry is the lack of information. “The level of knowledge of the regulators is quite inadequate; “More awareness and education is needed,” he said, emphasizing that regulators need to understand the industry better.

Web2 Companies Need Experts to Migrate to Web3

Verda Venture Founding General Manager Alex Witt stated that Web2 companies need leaders who are experts in Web3 to adapt to blockchain projects. He emphasized the role of knowledgeable people in the digital transformation of companies, saying, “It is very important for people who understand technology to support projects to ensure ROI.”

Blockchain Should Be Integrated with Customer Systems

World Foundation Europe General Manager Fabian Bodensteiner stated that in order for blockchain projects to be successful, they must be integrated with customer-side systems. He pointed out the necessity of blockchain solutions to be practical, saying, “It is important that the projects make the counterparty’s job easier and are compatible with the systems.”

Web2’s Transition Obstacle: ROI Uncertainty

Worldpay Vice President Nabil Manji stated that one of the biggest concerns for Web2 companies about adopting blockchain technology is the uncertainty of the return on investment. “This world is built on return on investment. He emphasized the economic return of the technology by saying, “Blockchain projects will be able to provide concrete returns by integrating into corporate software.”

Innovative Models Should Be Developed in the Web3 Game World

Nix Nolledo, President of Eden International Holdings, pointed out the importance of developing innovative economic models in the Web3 gaming world. He emphasized the importance of innovation in this sector by saying, “The momentum in the Web3 gaming field, starting with Axie Infinity, offers a great opportunity for game developers to develop creative financial models.”

The second day of Binance Blockchain Week Dubai 2024 ended with the sharing of strategic ideas on the long-term success of blockchain projects among investors and entrepreneurs.