If you haven’t dived into the web3 universe, there are plenty of reasons to proceed with caution, and plenty of reasons to jump right in.

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“We had the chance to look at hundreds, maybe thousands, of web3 assets,” says Thomas Olsen, Bain’s global co-leader of web3 and metaverse work. “I would say probably more than half of those are unsustainable models, but there are actually very interesting assets that have real structural value.”

I invited Thomas to dry powder to explain why investors have poured over $90 billion into the web3 space, mostly over the past three years. At the heart of this massive build is a question: How will these technologies enable users to interact in new and more efficient ways?

Ask yourself: If I transfer money to a bank in London, why does it take three days to appear?

Why do we have 19th and 20th century technologies in our financial services system?

Why can I only buy stocks from 9:30 am to 4 pm, Monday to Friday, but can I buy Bitcoin instantly, 24 hours a day, 365 days a year?

When you consider the inefficiencies that can persist across vast swaths of our economy, you’ll realize the potential of web3 to cut out the middlemen, address these huge inefficiencies, and make people’s lives more convenient and transactions less expensive.

Forget Bored Ape NFTs and Bitcoin price. today in dry powderThomas will explain where to start with web3.