Innovation is the soil from which we can create a better Internet. Blockchain is its root system - decentralized, transparent, secure, and traceable. Sensible regulation is how we guide the transformative power of Web3 to empower individuals and businesses, drive economic inclusion, and benefit the planet.
Enter the Tree of Web3 Wisdom: five branches to guide the thinking of policymakers everywhere considering how to regulate blockchain, crypto, and Web3.
Before planting a tree, it is important to dig deep and understand the soil conditions and environment.
It's not just money that grows on the Web3 tree - it's a diverse ecosystem featuring a wide array of use cases.
Just as there is a biological taxonomy that categorizes plants, it is crucial to employ a sensible classification system for tokens.
Plants need specific care depending on their nature and location: a tropical hibiscus plant that is treated like a desert cactus will rarely blossom.
Root systems don't stop at a border but are interconnected with each other. Acknowledging this is a critical step to help them thrive.
Why give a hoot about Web3?