Joseph Lubin, one of the co-founders of Ethereum 
$3,281, asserts that the upcoming Web3 explosion will be significantly larger than the dot-com bubble of the late 1990s. As the CEO of blockchain technology firm ConsenSys, Lubin believes that Web3 will generate positive impacts on a global scale.
Growth Potential of Web3
In a recent statement on the social media platform X, Lubin pointed out that the Web3 boom is already underway and will create beneficial effects worldwide. He emphasized that it would be a challenging journey but would ultimately lead to progressive decentralization and greater resistance to censorship. He stated, “The Web3 boom is on and it will be orders of magnitude larger than the dot-com boom. It will be a rough and wild ride, but it will transform the world for the better via progressive rigorous decentralization and censorship resistance.”
He explained his confidence in Ethereum by referencing the increasing interest in ETH, driven by large firms’ market valuation, maturity level, developer base, and roadmap.
Evolution of Blockchain Technology
Lubin noted that the evolution of blockchains represents the next natural step in technological advancements. He predicted that traditional businesses would transition to digital ledgers in the coming years, akin to how companies migrated to the web in the 90s and 2000s. He remarked, “Web3 – the re-decentralized web – is the natural evolution of the open protocol and open spec-based internet and web. Most traditional businesses will start to migrate to Web3 over the next few years.”
He highlighted that platforms like Bitcoin 
$102,459 and Ethereum serve as the foundation for Web3’s re-decentralization.
Lubin expressed that he finds the crypto-related actions of Donald Trump’s family to be “wise.” He elaborated, stating, “Trump family-related activities are across a few ecosystems, as appropriate. They will build a large, serious DeFi (decentralized finance) business on Ethereum. They make smart moves after weighing options.”
Currently, Ethereum is trading at $3,419, and Lubin’s insights about the future of Web3 and Ethereum’s role in this ecosystem provide significant indications regarding the mainstream adoption of blockchain technology and its integration with traditional business sectors.
