Recent: Islamic finance and Web3 take stage at Istanbul Blockchain WeekWe need to shift the narrative and look at how Web3 is solving actual, fundamental issues in emerging markets — particularly in regions like the Middle East, Southeast Asia and Africa — as a north star for how to ethically build the future of our space. What does innovation indeed mean?
For example, we’ve seen the rise of ethical finance institutions like Al Rajhi Bank, one of the most prominent Islamic banks globally, known for its investments in tangible assets and community-oriented financial products. This model, which strives to build based on morals, substance and necessity versus mere financial opportunity, can guide Web3 as it moves beyond hype-driven growth.
The industry should take inspiration from emerging regions and how ethical financial investing can help to repair some of the ways our industry has often fallen short. The rise of layer 2When Vitalik wrote a blog post on layer 2s as a cultural extension of Ethereum, he brought up a critical point not only in business and technology but humanity — what we build in this life should be more significant than ourselves.
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Author / Journalist: Cointelegraph by Daniel Ahmed
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