The shift Karim outlines reframes competition from cloning web2 to inventing services only possible with decentralisation, which could unlock new markets and change how digital trust and control are structured. If developers adopt this approach, projects built on Polkadot could capture first-mover advantages in genuinely novel blockchain-native applications.
Karim Jetta of Parity argued that web3’s breakthrough won’t come from re-skinning web2 apps with wallets and tokens but from products that leverage blockchain’s unique, decentralised properties — things that are impossible under centralized corporate control. He likened the moment to early transformer models and Nvidia’s evolution: transformative underlying tech requires the right product interface to reach mainstream adoption. Web3’s promise, he said, is replacing blind corporate trust with verifiable cryptography and node-based services that cannot be arbitrarily shut down or altered. Parity is pushing this philosophy through its Polkadot Builders Party hackathon and a series of talks and meetups to spur developers toward truly novel web3 use cases.
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