Web3 in '23 - where are we headed & how to capture it? | Replay available now

We were joined by 250 for our session diving into Web3 investing with the very early team - read core take-aways & watch the replay here 📺

Apr 10, 2023

Aside from the below nugget exemplifying how token investing differs from the good ol’ equity investing we all know, our deep dive with the very early team brought some insights to a market many of us were smitten by in the yesteryear and just about as many of us have forgotten about this year.

Maybe the reason why this was the most simple-minded slide shared during the talk was that it was the only thing made by the hand of yours truly 🤔

But going against the current and forgetting about generative AI for a moment, we asked three of Europe’s leading venture investors in Web3 where we are today, where we’re headed and how to capture the opportunity.

Say hello to the very early team 👋

At eu.vc we’ve been looking at Web3 for some time, specifically, we’ve been searching for a team who are truly driven by investing in building the fundamentals of Web3 as opposed to just the hype. Finding and meeting the very early team, we soon realized that search was fulfilled.

They’re the real deal and the founders they’re backing are laying out the rails we’ll all be riding on a few years from now.

Let me know if you wanna explore the Web3 space with us - we’ve got some exciting things coming up ❤️‍🔥

You never heard me say this, but these guys are nerdy and that’s what makes them so goddamn awesome. Do connect on LinkedIn with Denis Vuckovac, Mathieu Chanson & Jan Baeriswyl or get in touch here.

*Don’t hesitate to reach out if you want early access to Europe’s best VCs* 🤗.

Should we (still) care about Web3?

Picture this: You're on a roller coaster, and you're riding up and down at a breakneck speed. That's what it feels like to be involved in the world of Web3. The price of tokens can fluctuate wildly, and it's easy to get caught up in the excitement or fear that comes with those ups and downs.

But the reality is that price is just one small part of the story.

What's really driving Web3 forward is the magic that's happening behind the scenes.

There are builders and innovators working tirelessly to develop new technologies and create new opportunities within this new layer of the internet.

They're creating monetary value contracts that are changing the way we think about transactions and value exchange.

And that's why we call it Web3.

It's the next evolution of the internet, and it's adding this new layer of monetary value exchange on top of what we had with Web2. The truth is that we're still in the early stages of adoption. There's still so much room for growth, and we should focus on the bigger picture of what's possible rather than getting caught up in the hype of the moment.

So yes, while the affection of the tech media moves from target to target at the speed of a pumped-up high school jock and the staring herd seems to be ready to move with it, what we need to pay attention to is everything that’s happening in the background. That’s what counts. And the very early team has been committed to Web3 since the rest of us even knew it was a thing. And that’s why we’re committed to very early.

If we compare the adoption of Web2 to Web3, there's still so much room for growth. We're still early in the game, even though it seems like everyone and their grandma has stopped talking about it. So, let's not get too caught up in the hype, and focus on the bigger picture.

The Real World Players adoption of Web3

Take a look at those numbers 👇 .

They’re pretty impressive and should be enough to tell you a clear story: Web3 adoption is just getting started and is picking up speed.

There's been no decrease in activity from 2021 to 2022, in fact, there have been significant increases. NFT sales, for example, have gone through the roof, and the number of people holding NFTs has increased by 27 times!

That's not all though, there's also been a massive 22 times increase in real-world assets on Web3.

But it's not just the numbers that should make you pay attention, the people involved in Web3 are also increasing and it’s drawing in big talent from traditional industries. You now have executives at places like Moody's dedicated to Web3.

So how do you invest in this space!?

For one of the most promising approaches in the market right now, have a look at the core themes, theses and value drivers of very early below & watch the replay for an in-depth discussion 👀