Some people in the crypto community have long assumed that Web3 would naturally follow the same path as the Web did in the 1990s. However, this assumption overlooks the regulatory advantages that the early Web enjoyed, such as the absence of sales tax and the legal protections provided by acts like the Digital Millennium Copyright Act and the Communication Decency Act. These regulatory tailwinds played a significant role in the success of the Web. It is important to recognize that Web3 does not have the same favorable regulatory environment and will face different challenges. As we navigate the development of Web3, it is crucial to consider the regulatory landscape and work towards creating a supportive framework for its growth and adoption.
