“GM, GM. You are just a Crypto Bro”, right? Someone flared across the hall where Paris Blockchain Week was organized. The podcaster recognized the “degen” call and wondered if crypto had come a long way!
In the same way, all Web3 professionals feel valued for being connected to the crypto industry. Several friends pursuing careers within the same sector have encountered a challenge-
“What does it mean to be a web3 native nowadays?”
From Cryptos To Digital Assets
The crypto industry has come a long way. What was once a chaotic realm of speculation and pure hype has now transitioned into a structured domain. Institutional investors, bankers, and white-collar personnel do not refer to ETH, BTC, or SLNA as crypto merely. They call these coins part of the extensive digital assets sector.
Experts say that this is not a rebranding. The whole ecosystem of the crypto industry is changing. Regulators now define rules more prominently. For example, the US has the House’s Stable Act and Senate’s GENIUS Act to create comprehensive regulations to govern crypto trade in the US.
Reserve standards, consumer protections, AML, and other features are included, like in any standard currency. Different countries will also follow suit. In the upcoming years, clearer regulations should be on a broader scale.
The Evolution
The crypto sector is evolving at a rapid pace, and regulations are becoming stronger. However, investors are not influenced by hype anymore. Institutional investors feel that they should not invest in projects without a whitepaper.
Most importantly, the crypto sector has created its obscure language, memes, bubble, etc. However, crypto still needs to go a long way to be taken seriously in the echo chamber.
