ech companies have thrived during the pandemic. As billions of people shifted their lives further online, myriad opportunities have opened for startups to explore.
Founders Factory CEO and Lastminute.com founder Henry Lane Fox, said: “We finish 2021 in a markedly better position to how we began it — despite the ongoing challenges of the pandemic.”
Crypto and Web3 will be a “defining component” of 2022
Twitter founder Jack Dorsey has questioned the logic of Web3
/ REUTERSWhat is Web3? Think of the internet but add blockchains. Web3 will allow users to control and own assets, like data, by registering them onto the blockchain.
The aim is to realign the balance of power away from tech giants like Facebook and YouTube, and “decentralise” the world wide web. Ownership and control will be powered by cryptocurrency, so the theory runs.
(Web 1 and 2, if you were wondering, refer to the initial stages of the internet where sites like Yahoo dominated, followed by the rise of platform businesses such as Facebook and Twitter.)
Jambu Palanappian, managing partner at Canadian…
