Wall Street Is Quietly Taking Over Crypto Infrastructure — Is This the End for Web3 Startups?
(66 days ago) · 1 source · Summarized by CryptoBipto
A growing body of evidence suggests that traditional financial institutions are absorbing the core infrastructure of crypto and blockchain, potentially sidelining the Web3 startups that originally built it. The trend raises existential questions about whether decentralized ideals can survive as Wall Street firms deploy superior capital and regulatory access to dominate the space.
WHY IT MATTERS
Imagine a group of independent inventors building a new kind of engine in their garages. They prove it works, and then the big car companies swoop in, hire better engineers, and start mass-producing their own version. That's essentially what's happening in crypto right now. Big Wall Street firms are taking the technology that small crypto startups created — things like blockchain-based payment systems and digital asset platforms — and building their own, often better-funded versions. For everyday crypto users, this could mean more polished and regulated products, but it also raises concerns about whether the original promise of crypto — giving power back to individuals instead of big institutions — might get lost along the way.
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