With all the excitement around Web3 capabilities, particularly at the app level, it can be easy to ignore the infrastructure level cornerstones that make it all happen. These L1s, L2s, different programming languages, API compatibility, DAO creations, tokenomics, bridges, and regulations are what allow the top level apps to succeed. Many of those involved and leading the Web3 revolution have seen the innovation cycle at least once before, watching a fledgling technology flounder as it gets its bearings, then one key innovation comes along and the entire industry explodes in growth.
We’ve seen this happen a number of times as the blockchain industry has matured into the Web3 ecosystem we have today, but there are still a number of key growth points ahead. If we look back to similar technology growth curves, such as PCs and smartphones, we can see that there are steady growth cycles from continuous improvements, and drastic growth spikes from these key innovations. We see stead
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