USV co-founder Fred Wilson: Personally, I am more optimistic about ETH because its underlying economic model is the best

ChainCatcher news, Union Square Ventures co-founder Fred Wilson posted a prediction about the developments in technology, startups, Web3, climate, and more in 2023. He pointed out that in Web3, Bitcoin and Ethereum will begin to attract more investor interest and should perform well in 2023. Fred Wilson expressed a personal preference for ETH, as it has the best fundamental economic model among all Web3 assets.

Fred Wilson also stated, "Projects and protocols that find product-market fit, have a real token economic model, and quickly roll out new features will attract user attention. However, many Web3 projects have yet to find a market-fit product, have weak or no token economics, and execute poorly. We will see many of these projects continue to struggle and fail in 2023. Compared to the broader startup and tech industry, Web3 currently has greater uncertainty. Some entities are already insolvent but have not yet restructured, and some funds are currently in dire straits and may be forced to liquidate. These activities will likely exert ongoing selling pressure on Web3 tokens at least through the first quarter of 2023, if not longer." (source link)