PANews reported on April 9th that according to Cointelegraph, Cardano founder Charles Hoskinson stated that the next generation of cryptocurrency projects need to adopt a more collaborative strategy to counter large centralized tech companies advancing into the Web3 domain. At the 2025 Paris Blockchain Week, he pointed out that the cryptocurrency and DeFi fields are often limited by a "circular economy", where the rise of one cryptocurrency often comes at the expense of capital outflow from another token, which hinders the overall industry growth. To effectively respond to the competition from centralized tech giants in the Web3 field, cryptocurrency projects need to build more collaborative token economics and market structures.
Hoskinson said that the current token economics and market structures in the cryptocurrency field are mutually antagonistic and need to shift towards cooperative balance. Existing projects often sacrifice others for development, which is detrimental to industry progress and makes it difficult to prevent major players like Apple and Google from entering in the future. He predicts that the US Market Structure Act may pass before September, at which point giants will flood in, and the cryptocurrency field must build infrastructure to respond. To this end, Cardano is developing a multi-resource consensus protocol called Minotaur to unify block reward payments.
