The crypto and Web3 winter, exacerbated by the collapse of FTX, has brought skepticism to all-time highs as both institutional and retail investors flee the market. This downturn is creating the conditions necessary to birth the next generation of companies who will build practical and valuable use cases for Web3 technology. Crypto innovators may need to - begrudgingly - take a hybrid, ‘Web 2.5’ approach that regains consumer trust in order to build networks that can be progressively decentra...