Co-founder of NEAR Protocol, Illia Polosukhin, lays out his vision of the internet of the future and explains how NEAR could take a leading role in the foundation of Web 3. 0:00 Intro 0:56 How has blockchain tech evolved in the last four years? 2:24 What is holding back DeFi from going mainstream? 3:46 What is the solution to DeFi's scalability problem? 7:42 Is Web3 about a single killer app or a combination of apps? 12:43 What is the main factor attracting developers to Near Protocol? 14:57 What is NEAR’s competitive advantage over Solana? 18:09 Will alternative layer-one solutions eventually rely on Ethereum as a base? 22:05 How is NEAR going to deploy the capital raised in its latest funding round? 23:03 Outro Subscribe to Cointelegraph Markets Pro: https://pro.cointelegraph.com Check out the latest crypto merch at the Cointelegraph Store: https://store.cointelegraph.com/ Want to join the Cointelegraph team? Check out https://cointelegraph.com/careers. #Cointelegraph #Bitcoin #CryptoMarkets Subscribe to Cointelegraph: https://goo.gl/JhmfdU Follow COINTELEGRAPH: Website: https://cointelegraph.com/ Telegram: https://t.me/cointelegraph Facebook: https://www.facebook.com/cointelegraph Twitter: https://twitter.com/cointelegraph Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.