WEF 2022: Web3 no longer just about crypto and DeFi, says Polkadot founder Gavin Wood

2022.05.25 14:16

WEF 2022: Web3 no longer just about crypto and DeFi, says Polkadot founder Gavin Wood

Although Web3 has become a sort of buzzword in the cryptocurrency community, its application and utility extend far beyond the world of blockchain, according to Polkadot (DOT) founder Gavin Wood.

In an exclusive interview with Cointelegraph at the World Economic Forum’s Annual Meeting in Davos, Switzerland, Wood talked about Web3 applications and whether the all-encompassing concept needed to evolve past its current usage. “I don’t think Web3 needs to evolve, really, from its origins too much yet but maybe in the future, it will,” he said before explaining the merits of the technology:

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