Web3 threatened by Web2.5 and regulations, exec warns

Web3 threatened by Web2.5 and regulations, exec warns

Outlier Ventures founder Jamie Burke warns that as projects compromise with products that are not interoperable, it blurs the vision of Web3.

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As Web3 remains in its early stages, its ideals and original vision of creating an interoperable financial landscape are under attack, according to Jamie Burke, the founder and CEO of Web3 accelerator Outlier Ventures.

In an interview with Cointelegraph, Burke outlined several aspects of Web3 that are currently threatened by Web2.5 and regulatory actions. The executive said that while these are “understandable,” it takes Web3 away from its original purpose and impedes its wider vision.

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Interview with Outlier Ventures founder Jamie Burke. Source: Cointelegraph 

According to the executive, some projects are settling down and compromising on limited versions

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