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Industry Landscape
The Web3 infrastructure industry is rapidly evolving, driven by increasing adoption of blockchain and decentralized technologies. It faces challenges related to scalability, interoperability, and regulatory uncertainty, but continues to see significant investment and innovation in areas like layer-2 solutions, developer tools, and enhanced security protocols. The focus is on building a more robust, secure, and user-friendly decentralized internet.
Total Assets Under Management (AUM)
Blockchain Technology Market Size in United States
~Not directly available for just the US, but global market size is projected to be hundreds of billions.
(30-40% CAGR)
Growth is driven by:
- Enterprise adoption of blockchain solutions.
- Rise of decentralized finance (DeFi).
- Increasing demand for secure digital infrastructure.
Total Addressable Market
100 Billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Zero-Knowledge Proofs (ZKPs)
ZKPs enable verifiable computation without revealing underlying data, significantly enhancing privacy and scalability in blockchain networks.
Decentralized Physical Infrastructure Networks (DePIN)
DePIN leverages blockchain to incentivize the creation and management of real-world infrastructure, like wireless networks or energy grids, leading to more resilient and community-owned services.
Account Abstraction (ERC-4337)
Account Abstraction simplifies the user experience by allowing smart contracts to act as user accounts, enabling features like multi-factor authentication, sponsored transactions, and easier recovery.
Impactful Policy Frameworks
Executive Order on Ensuring Responsible Development of Digital Assets (2022)
This Executive Order, issued by President Biden in March 2022, directs various government agencies to assess the risks and opportunities of digital assets, including cryptocurrency and blockchain technology, and to develop policy recommendations for their responsible development and deployment.
This policy creates a framework for future regulation, potentially leading to clearer guidelines for Web3 infrastructure providers, but also increased scrutiny on security and compliance.
Infrastructure Investment and Jobs Act (2021) - Crypto Tax Provisions
Enacted in November 2021, this act includes a provision that expands the definition of 'broker' for tax purposes to include entities facilitating crypto transactions, requiring them to report transactions to the IRS.
This policy places new reporting burdens on certain Web3 entities, potentially including infrastructure providers, impacting their operational costs and compliance efforts.
Financial Crimes Enforcement Network (FinCEN) Guidance on Convertible Virtual Currencies (2019)
While from 2019, FinCEN's guidance clarifies that certain entities involved in the transmission of convertible virtual currencies may be considered money transmitters and subject to Bank Secrecy Act (BSA) obligations.
This ongoing guidance impacts Web3 infrastructure providers by potentially classifying them as money services businesses, requiring stringent AML/KYC compliance and potentially increasing regulatory overhead.
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