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June 30th, 2022

There’s been much talk about the “bear market”. We have all heard many perspectives. From the alarmist ones that cry gloom and doom, to the optimistic ones that tell you it’s a golden time to build. Like most things, the truth lies somewhere in the middle. Here’s some realist learnings from running Gnosis Safe, a project that exists since 2017.

(Below is an internal memo that we communicated to the Gnosis Safe team in May 2022, slightly adapted so it better applies to other projects as well.)

🔮 There might be challenging times ahead in Web3

Some industry and macro challenges that we need to brace ourselves for.