#Web3 Weekly
#Web3 Weekly

Feb. 7-13, 2021

Amentum Capital's Steven McKie took to Medium back in August to predict an "explosion" for the decentralized web.

I just belatedly caught up on his post, which was and is very much worth revisiting since it's held up remarkably well. Since McKie published it, the global crypto market's size has nearly quintupled, crossing $1.5 trillion for the first time recently.

In particular, the adoption of blockchain by some of the biggest companies in the world continues to undermine the old narrative of crypto as just some wacky sideshow.

There were some setbacks for the industry last week, to be sure. But for the most part, the trend continues to be three steps forward for each one back.

The latest developments:

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— Peter A. McKay

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