But I think it's been my experience that a lot of new technologies don't move up in a straight line, and Web3 is especially challenging here because so many things have been financialized from the outset, whereas generally speaking, you'll see startups or new technologies mature over many years, whether it's the internet itself, artificial intelligence, QR codes, all sorts of things that kind of have gone through different periods of adoption, and so, I think we're seeing things kind of record Ethereum transactions happening, new Layer 2 technologies launching all the time that are going to help scale Layer 1 Blockchains, Solana has announced its phone that's going to be the first sort of Web3 native phone out there. So, there's so many new exciting product developments and users entering the space that as much as prices have come down, I'm really optimistic about the state of Web3.
But I think it's been my experience that a lot of new technologies don't move up in a straight line, and Web3 is especially challenging here because so many things have been financialized from the outset, whereas generally speaking, you'll see startups or new technologies mature over many years, whether it's the internet itself, artificial intelligence, QR codes, all sorts of things that kind of have gone through different periods of adoption, and so, I think we're seeing things kind of record Ethereum transactions happening, new Layer 2 technologies launching all the time that are going to help scale Layer 1 Blockchains, Solana has announced its phone that's going to be the first sort of Web3 native phone out there.