Venture capitalist Fred Wilson: I am more optimistic about ETH because ETH has the best underlying economic model of all Web3 assets

Fred Wilson, co-founder of Union Square Ventures, issued a paper predicting the development of technology, startups, Web3, climate, etc. in 2023. He pointed out that in Web3, Bitcoin and Ethereum will start to attract more investor interest, and in 2023 they should will perform well. Fred Wilson is personally more bullish on ETH because ETH has the best underlying economic model of all Web3 assets. Fred Wilson also said, “Projects and protocols that find product-market fit, have a true token economic model, and roll out new features quickly will attract user attention. But many Web3 projects have yet to find a product that fits the market, token economics Weak or no token economics, and poor execution, we will see many of these projects continue to struggle and fail in 2023. Web3 currently has more suspense than the broader startup and tech industry. Some entities Already insolvent but not yet restructured, some funds are currently in dire straits and may be forced to liquidate. These activities will create sustained selling pressure on Web3 tokens through at least Q1 2023 and beyond.”