Blockchain creates a new dynamic where you may not need one dominant company, like Google or Microsoft, to make all the functionality in one project. Instead, you can have a collection of projects inside one ecosystem — which is in Web3's spirit of fostering democratization.

Ethereum has managed to offer a home to many amazing projects. But with the difficulties of managing bridges safely, and the siloed nature of the L2s and sidechains, perhaps other systems have a greater potential of being home to more all-encompassing ecosystems.

Decentralized building is still one of the strengths of blockchain technology. By not depending on a single authority, the direction and future of the system will not be driven by parochial interests. The progress might be messy, but the messiness can also be seen as a complex form of collective deliberation. One killer project at a time, a whole landscape of new potential can bloom.

Polkadot, for example, is built to facilitate cross-chain interoperability, allowing multiple Layer-1 solutions to communicate effectively, thereby possibly giving birth to highly functional ecosystems. So far, Polkadot has suffered from a lack of killer applications, and the project progress is slow.