Joseph Lubin, co-founder of Ethereum and CEO of blockchain powerhouse ConsenSys, has boldly stated that the Web3 explosion will dwarf the dot-com boom of the late 1990s. Lubin sees this new wave of decentralization as a transformative force with far-reaching positive impacts on the world.
In a recent post on social media platform X, Lubin declared:
“The Web3 boom is on and it will be orders of magnitude larger than the dot-com boom. It will be a rough and wild ride, but it will transform the world for the better via progressive rigorous decentralization and censorship resistance.”
The Unstoppable Growth of Web3
Lubin emphasized Web3’s vast potential, drawing parallels to the widespread adoption of the internet in the 1990s and 2000s. He argued that traditional businesses must adapt to this new paradigm to stay relevant:
“Just as every company needed to migrate to the web in the 90s and 2000s, the gold rush to Web3 is about to massively accelerate. Web3 – the re-decentralized web – is the natural evolution of the open protocol and open spec-based internet and web.”
He predicts that most businesses will begin transitioning to blockchain-based systems over the next few years, with platforms like Bitcoin and Ethereum leading the charge in building a decentralized digital ecosystem.
Ethereum’s Role in the Web3 Revolution
Lubin highlighted Ethereum’s key advantages, including its robust developer community, strong roadmap, and increasing institutional interest. These factors, he said, position Ethereum as a cornerstone of the Web3 movement. Ethereum’s current trading price stands at $3,419, reflecting its continued dominance in the blockchain space.
The Trump Family and Decentralized Finance
In a surprising remark, Lubin applauded the Trump family’s involvement in decentralized finance (DeFi) projects. He acknowledged their strategic decisions to build on Ethereum:
“Trump family-related activities are across a few ecosystems, as appropriate. They will build a large, serious DeFi business on Ethereum. They make smart moves after weighing options. There is more high-value activity that should belong on Ethereum than other networks.”
Lubin’s comments suggest that Ethereum’s flexibility and security make it the preferred choice for high-value DeFi initiatives, even among high-profile individuals and organizations.
A Glimpse into the Future
Lubin’s vision for Web3 paints a compelling picture of a decentralized world where blockchain technology becomes integral to everyday business operations. As the adoption curve accelerates, platforms like Ethereum are set to play a pivotal role in shaping this new era of innovation and growth.
