Panel Discussion #3 Web3 Regulation & Impact on Startups

Questions for the panelists:

Questions	Opted By
How do you define Web3, and what distinguishes it from previous iterations of the internet?	Vikram
Why do you see regulation an important part of Web3, how does it make an impact?	Subha
With data privacy and security being key concerns, how do you envision the regulatory approach to ensuring user protection within the Web3 ecosystem?
Web3 startups often operate across borders. How can varying regulatory approaches in different regions impact a startup's ability to scale and serve a global user base?	Subha
How can regulatory bodies strike a balance between fostering innovation and safeguarding against potential risks or abuses in the decentralized space?	Vikram
How do you see the evolving landscape of regulations impacting the growth and innovation of web3 startups? What strategies can startups employ to navigate this uncertainty effectively? This can actually be a follow up to the above question - "Web3 startups often operate across borders. How can varying regulatory approaches in different regions impact a startup's ability to scale and serve a global user base?" Since both would have inter-linked answers	Subha
How have you seen traditional business models evolve as a result of Web3 adoption? What advice would you give to startups looking to pivot their models to incorporate decentralized principles?
What challenges and opportunities do startups face when implementing decentralized governance models, and how can they navigate these effectively?
Interoperability is a significant aspect of Web3. How do you foresee startups benefiting from and contributing to interoperable ecosystems that span various blockchains and technologies?
Smart contracts are a hallmark of web3 systems. How can startups ensure that their smart contracts are legally enforceable, and what challenges might arise when translating code-based agreements into traditional legal terms?	Subha
Web3 technologies can enable pseudonymous transactions. How can startups address AML and KYC requirements while respecting users' privacy and the principles of decentralization?	Subha
Tokenomics play a central role in many Web3 projects. What considerations should startups keep in mind when designing tokenomics for their platforms?	Vikram
The open-source nature of Web3 encourages collaboration and community engagement. What strategies can startups use to effectively build and nurture communities around their projects?
Could you share examples of successful projects or applications built on Web3 principles that have significantly disrupted traditional business models? (Any startup examples will be good to share here).