Blockchain Industry Shifts Focus to Real-World Applications Amid Web3 Evolution

The blockchain industry is shifting its focus from speculation to real-world applications, driven by usability, infrastructure, and scalable financial systems.

Arman Mamyan, Integration Lead at Animoca Brands, believes that this transition is a healthy one for the industry. He notes that when he first entered the space, excitement was fueled by tokens and financial opportunity, but now companies are building sustainable products that solve real problems.

Mamyan emphasizes that integrating blockchain into existing systems is more complex than the technology itself. Companies struggle to balance usability with responsibility, as users may not want to take on the control and risks associated with Web3 ownership.

To bridge this gap, Mamyan advocates for building products where users can benefit from blockchain without needing to understand its underlying infrastructure.