Featuring Kevin Riedl, founder of Wavect.
Kevin Riedl is a well-known entrepreneur and founder of Wavect, a company that specializes in creating innovative solutions for Web 3. Riedl is a firm believer in the potential of blockchain technology and its ability to change the way we interact with each other and our digital assets.
Wavect is a company that was founded by Kevin Riedl in 2018 with the aim of creating innovative solutions for Web 3. The company is headquartered in Tirol, Austria. Wavect has quickly established itself as a leading player in the Web 3 space, thanks to its innovative solutions and its talented team of developers and entrepreneurs such as Christof Jori who is leading the tech part of the company.
The company’s mission is to build the infrastructure and tools necessary to enable the decentralized web to become adopted by the mass. Wavect has developed a number of products and services that help businesses and individuals take advantage of blockchain technology.
Incoming Trends
With his experience in the industry, Riedl has some interesting insights into the future of Web 3 and how it will shape our world in the coming years.
One of the major trends that Riedl sees taking off in the near future is the tokenization of real-world assets. Tokenization is the process of creating a digital representation of an asset on the blockchain, allowing it to be bought, sold, and traded like any other digital asset. According to Riedl, this trend is going to gain significant traction in the coming years, thanks to increased regulation that will make it easier for institutional investors to invest in these assets. Riedl believes that this will start with solving the liquidity issue of real estate and private companies, among other things. Another trend that Riedl predicts is that traditional finance (TradFi) will adopt DeFi (decentralized finance) technologies. DeFi is a growing segment of the blockchain industry that allows for financial transactions without intermediaries, such as banks or other financial institutions. Riedl believes that this technology will be adopted by traditional finance players and that it will work seamlessly under the hood, without causing a big buzz in the industry. However, Riedl also believes that the rise of regulation will have a significant impact on the Web 3 industry. He predicts that 99% of all projects will be crushed by regulation, leaving only fundamentally strong businesses to emerge. In this environment, revenue and cash flow will be king, and businesses that can generate consistent profits will be the ones that survive and thrive.
In conclusion, Kevin Riedl is a visionary entrepreneur who has made significant contributions to the blockchain industry through his work at Wavect. His insights into the future of Web 3 provide a fascinating look into how this emerging technology will change the way we interact with each other and our digital assets. With the tokenization of real-world assets, the adoption of DeFi technologies by traditional finance, and increased regulation, the future of Web 3 looks bright and promising, and Kevin Riedl is sure to be at the forefront of this revolution.
