# Blockchain's Evolving Financial Role

By [Nathaniel Hall](https://paragraph.com/@d3nathaniel) · 2025-05-10

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The essence of blockchain is still rooted in finance. But since Ethereum, the concept and trend of Web3 have intentionally or unintentionally hidden or marginalized blockchain’s financial attributes.

The Web3 space is now split into two camps: the speculative crypto crowd and the idealistic Web3 tech community.

From my experience of closely following the Web3 tech space over the past two years, the Web3 tech circle is similar to the open-source community — a group of idealistic tech evangelists actively promoting Web3 concepts in all possible scenarios. Many tech practitioners are also building and upgrading Web3 infrastructure.

However, this trend still falls short compared to the public consensus formed during Web1 and Web2. Even around the 2000 internet bubble, mainstream society viewed the internet as a technological revolution.

Web3 has yet to form such a unified public consensus. The general public still sees it mostly as a playground for speculators.

Establishing a strong public consensus for Web3 and improving its product experience and public image are, in my opinion, the most urgent issues to address.

![](https://storage.googleapis.com/papyrus_images/55634d1cb4c134ecba49fbb9c2e5e17a.png)

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*Originally published on [Nathaniel Hall](https://paragraph.com/@d3nathaniel/blockchains-evolving-financial-role)*