On-site at Token2049, a rather sharp judgment: “Web3 is dead, Fintech 2.0 has arrived.”
The narrative of the “decentralized internet” Web3 is fading away, and the projects exhibiting are increasingly centered on three areas: blockchain-native—covering exchanges, public chains, prediction markets, and Perps; RWA—covering asset issuance, trading, compliance, legal affairs, taxation, KYC, payments, and custody; and Agent trading in AI + Crypto.
So what truly “dies” when people say “Web3 is dead” may not be the blockchain itself, but rather that grand narrative of “reinventing the internet.”
What the industry cares about now is: how assets get tokenized on-chain, how trades get executed, how funds are settled, and how institutions achieve compliance.
Especially with RWA: when the keywords shift from “decentralization” to compliance, legal, taxation, KYC, payments, and custody, it means the target users are moving from native Crypto users to institutions.
A real industry direction is often hidden on the exhibition floor, not in the whitepaper.
Web3 may not be truly dead, but blockchain is increasingly looking like a business of financial infrastructure.
The narrative of the “decentralized internet” Web3 is fading away, and the projects exhibiting are increasingly centered on three areas: blockchain-native—covering exchanges, public chains, prediction markets, and Perps; RWA—covering asset issuance, trading, compliance, legal affairs, taxation, KYC, payments, and custody; and Agent trading in AI + Crypto.
So what truly “dies” when people say “Web3 is dead” may not be the blockchain itself, but rather that grand narrative of “reinventing the internet.”
What the industry cares about now is: how assets get tokenized on-chain, how trades get executed, how funds are settled, and how institutions achieve compliance.
Especially with RWA: when the keywords shift from “decentralization” to compliance, legal, taxation, KYC, payments, and custody, it means the target users are moving from native Crypto users to institutions.
A real industry direction is often hidden on the exhibition floor, not in the whitepaper.
Web3 may not be truly dead, but blockchain is increasingly looking like a business of financial infrastructure.