Web3 represents the next evolution of the internet, characterized by decentralization, and ownership. Unlike its predecessors, Web3 aims to empower users by eliminating intermediaries and giving individuals control over their data and assets. Most of the current discussion in the space – beyond the noise of scams and hacks – revolves around the competition between tech stacks and approaches: EVM vs BPF vs CosmWASM, L1 vs L2, monolithic vs parallel, etc. The competition between chains is about their transaction costs, speed, decentralization grade. These discussions mobilize the most energy and resources in the space. No question, they are highly relevant in the short term.