The article argues that Web3, including blockchain technologies, may succeed like cloud computing by becoming invisible infrastructure for developers rather than a consumer-facing product like ChatGPT. It outlines key barriers to adoption such as poor UX, fragmentation, unclear regulations, and onboarding challenges, and emphasizes the need for unique value propositions like trustless coordination. A linked post highlights Stellar's role in bridging assets with Near intents, tying into broader interoperability discussions.
Smart contract platforms have struggled with mainstream adoption compared to AI's rapid rise with ChatGPT, prompting VCs to lose interest. The author posits Web3's future as backend infrastructure akin to AWS, where developers seamlessly use on-chain data storage, tokens, and decentralized identity without end-user awareness. To achieve this, improvements are needed in UX (e.g., account abstraction, passkeys), interoperability across chains, clear regulations post-Gensler, and better onboarding tools for developers. Web3 must deliver beyond decentralization by solving Web2 limitations like censorship resistance and programmable money. The piece references developer resources and links to a Stellar x Near intents article on asset bridging, underscoring Stellar's relevance in interoperability solutions. Market notes on Bitcoin and other crypto news provide context, but the core thesis favors developer-driven organic adoption over viral consumer apps.