Analysis of Web3 Failures in 2022

In her article, Molly White examines the events and developments in the Web3 space in 2022. She highlights the promises that this new technology held as well as various challenges it faced throughout the year. In particular, White discusses the difficulties surrounding security issues, regulatory frameworks, and user trust. She points to several projects that gained popularity while also mentioning those that collapsed or faced significant criticism. Ultimately, the article concludes that despite numerous setbacks, Web3 still holds potential for the future, but it requires serious reforms to enhance transparency and rebuild trust among users.