Pantera Capital CEO: Web3 gives value back to creators and users. The existing Internet extracts value from people

According to BlockBeats, on September 28, Pantera Capital CEO Dan Morehead said in his keynote speech at Token2049 in Singapore that he is very bullish on DeFi, Web3, NFT and Metaverse projects. DeFi currently has a market cap of $20 billion, compared to $3 trillion in the traditional financial system, which means there's plenty of room for the industry to grow, Morehead said. In addition, Web3 can return value to creators and users, "excited about the world". By contrast, "the existing Internet squeezes value out of people, and Big tech has some governance issues."