Navigating the New Web3 Era: From Latest DeFi Innovations to Spot Bitcoin ETFs
In a landscape where technology reshapes traditional finance, we are witnessing a pivotal change led by web3 and decentralized finance (DeFi) systems. These innovations are setting the stage for revolutionary investment models, while new products like spot Bitcoin exchange-traded funds (ETFs) could redefine the industry.
Alex de Lorraine, CEO of Archblock, shared his insights in an interview with CryptoNews, offering a unique perspective on the evolving landscape of web3. Archblock, founded in 2017, initially aimed to develop software for trust companies but quickly pivoted towards leveraging blockchain technology. The company provides web3 services for institutional users, offering tools including Archblock Institution Platform.
De Lorraine views web3 as a significant advancement in the digital world, one that extends beyond the realms of technology into the very fabric of financial interaction and empowerment. He emphasizes web3’s potential to democratize access to financial services, making them more inclusive and accessible.
Reflecting on the essence of web3, de Lorraine stated,
“I strongly believe that web3 encompasses everything. I think that web3 is the next generation of finance systems. It can do way more. I get that, but I’m focusing on finance only.”
“And when I saw what the system can do. I got excited because it’s the first time in hundreds of years that we actually are changing something completely,” said de Lorraine. “What I mean by that is like, first I looked at it from an accounting point of view. Web3 allows you to do stuff that we’re not able to do in a normal kind of finance world.”
De Lorraine elaborated on the unique capabilities of web3 that traditional finance systems lack. He highlighted the
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