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Decentralization in cryptocurrencies like Bitcoin and Obyte determines user control and censorship resistance. Bitcoin's Proof-of-Work relies on miners for security, while Obyte's DAG structure eliminates the need for powerful intermediaries, offering greater user autonomy and transaction privacy.

Since the start of the crypto winter in 2022, interest in Web3 by the general public has dissipated in tandem with price drops. However, 2024 will mark an inflection point for the industry, led by Bitcoin. This rise is attributed to an increase in BTC price in 2023, spot ETF listing in the US, Bitcoin Halvening, and Ordinals.

The anticipation surrounding the approval of a Bitcoin spot ETF has persisted over the last five years. Regulators are dedicating time to BTC-related meetings, signaling a potential landmark moment. The 2023 post-downturn period has seen significant tech innovation in the web3 sector, reminiscent of the post-2001 downturn in the S&P.