The crypto industry must achieve a “cooperative balance” to compete with major centralized tech companies entering the Web3 race, according to Cardano founder Charles Hoskinson at Paris Blockchain Week 2025, reports Cointelegraph.
He stated that the main issue in the DeFi sector is a “closed economy,” where the growth of one digital asset often comes at the expense of another. This limits the overall potential of the industry and makes it vulnerable to giants like Apple, Google, and Microsoft.
Hoskinson described the current tokenomics and market structure model as “conflictual.” He believes crypto projects should change their approach rather than “start a fight.”
The expert emphasized that with increasing regulatory clarity in the US, large corporations could enter the Web3 market soon.
Hoskinson’s comments came amid plans by US authorities to implement clear regulations for stablecoins. The document will establish collateral rules for stablecoin issuers, requiring full compliance with anti-money laundering laws.
“These are the barriers without which Facebook, Microsoft, Amazon, Google, Apple, and others will be able to enter the cryptocurrency space. Tell me, who owns their platforms? They do. That’s 3 billion users,” said Hoskinson.
He noted that corporations will begin integrating blockchain solutions as soon as stablecoin regulations are approved in the US.
In his view, crypto projects “need to create infrastructure that incoming tech giants can use.”
He also suggested establishing cooperation within the blockchain itself. Hoskinson discussed Cardano’s Minotaur project—a protocol that will combine several consensus algorithms to distribute rewards among different networks.
Back in November 2024, the Cardano founder announced talks with Elon Musk’s SpaceX. He did not provide details, citing a NDA.