What does the future of Web3 look like to SafePal CEO Veronica Wong?
As the world moves toward a more digital future, the concept of Web3 and its potential to revolutionize the internet has become a hot topic in the tech industry. In this interview, SafePal CEO Veronica Wong, shares her insights on the future of Web3 and the current state of the crypto market.
She also talks about her thoughts on the challenges and opportunities in the crypto security space and how SafePal is positioning itself to meet these challenges head-on.
Q: In 2022 the crypto space saw some significant turbulence and the crash of several big platforms. What do users need to know entering 2023 as crypto investors, and how can they better protect their digital assets?
While black swan events damaged the general faith in crypto, a large part of it was due to the opacity and malpractice of centralized platforms, and not an accurate reflection of the industry as a whole.
Crypto is still a nascent industry, and risk management and diversification are always important. Investors should do thorough research before jumping in blindly or taking the advice of influencers.
Battle-tested and established platforms may not be as exciting as new projects, but they are often safer, so investors need to weigh out risks and rewards in accordance with their risk appetite.
Q: Will 2023 bring a new wave of adoption for Web3? Are customers turning to self-custodial wallets now after the crash of one of the biggest centralized exchanges?
The malpractice of centralized platforms has indeed catalyzed the adoption of self-custody solutions. This should not just be a temporary surge of interest, but a key impetus to strengthen the adoption of self-management for assets — which has often been neglected but is a key foundation of crypto.
While
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