At Paris Blockchain Week 2023, a group of Web3 professionals discussed how this new paradigm is disrupting traditional business models and creating opportunities for startups and investors.
A group of Web3 experts took to the Master Stage at Paris Blockchain Week 2023 to discuss how Web3 is a game changer for startups and investors. This new system is disrupting traditional business models and giving startups and investors access to new markets
In the panel “Crypto, Culture, and Capital: How Web3 is Changing the Game for Startups and Investors,” the group discussed how Web3 startups differ from Web2 startups and how different cultures exist within them creates and influence their different nature.
While acknowledging the great step taken by Web3 entrepreneurs, Laurenz Apiarius, Founder and Manager of Blockwall Digital and Blockwall Capital, said that there are positive and negative effects on the company. Apiarius explained that there are investors who take advantage of the Web3 report, knowing that there are investors who will pay in research based on the belief of the future of what can happen and stop without able to fulfill their promises.
This practice, in turn, hurts investors who lose money in the process. Considering the role of investors in Web3, Amos Meiri, the founder of Node Capital, said that the needs of Web3 companies are different from what investors who come to Web2 use.
Meiri explained that investors need to understand the technology, laws and even the market of the project being built; as it will help to give the entrepreneurs their support in the right way. Speaking on the Decentralized Autonomous Organization (DAO) system of governance for Web3 startups, Igneus Terrenus, Associate Partner at BitDAO, said that understanding that the DAO is not a perfect model, he uses input from DAO members and education is important. He explained that there is hope that the DAO will work with Limited Liability Companies (LLC) in the near future.
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