Mass adoption of Web3 applications is needed to get out of the crypto bear market, said Netccentric-Nuffnang executive chairman Ganesh Kumar Bangah.
Ganesh was speaking at the Level Up KL 2022: Blockchain in Games panel on “Content experiences for Web3.0 for businesses and brands”. The event was organised by Malaysia Digital Economy Corporation and that panel moderated by its senior vice president and head of ecosystem development Gopi Ganesalingam. Other panellists include eSolved MSC Sdn Bhd CEO Charles Tang, Meta Universe Solutions CEO and founder Khalid Gibran and Quurk Sdn Bhd CEO Marvin Das.
“But if you look 30 years on, the companies that survived Web1 are those that have real applications – companies like Amazon, which sold real products. We really need to get real applications and create a good user experience, so that people can actually participate in the services created today,” he said.
“Web3 is an interesting phenomenal that could be the next tech disruption that could potentially change the future of internet,” Gopi enthused. Giving his own experience as an entrepreneur who owns one of Malaysia’s leading influence platforms, Nuffnang, Ganesh said, “When we invest in Web3 projects, we actually get our 15,000 strong influencer community to come onboard and promote the projects to their combined 20 million followers.”