Key Takeaways
- Yellow Network co-founder Louis Bellet said the industry must solve challenges in user experience before crypto can achieve mass adoption.
- Bellet said the key to scaling Web3 is to prioritize building institutional-grade infrastructure over short-term projects.
- Yellow previously received $10 million in seed funding led by Ripple co-founder Chris Larsen.
The co-founder of Yellow Network, Louis Bellet, said the crypto industry still faces significant hurdles before achieving mainstream adoption, ahead of his keynote at TOKEN2049 in Singapore.
Immature Industry
Bellet, who co-founded the decentralized clearing network for digital assets, said that while the industry has matured, it has yet to overcome fundamental challenges around usability and liquidity.
“This is the 8th installment of TOKEN2049, and despite the industry having matured, there is still a good way to go until crypto fully achieves mainstream adoption,” Bellet said in an emailed statement.
“That goal depends on improving the user experience, streamlining the development of dApps, and solving crypto’s liquidity fragmentation,” he said.
He added that developers should focus on building “robust, institutional-grade infrastructure and dApps, rather than wasting time on shiny, lightweight projects.”
Bellet, who previously founded crypto exchange software firm Openware, said his upcoming keynote would outline how Web3 can deliver more responsive applications to match the user experience of Web2.
Yellow Network
Yellow Network, which raised $10 million in seed funding led by Ripple co-founder Chris Larsen last year, is developing infrastructure aimed at addressing fragmentation and scalability in decentralized finance trading.
The comments follow the new appointments of Alessio Treglia and Hongtao J as Co-Chief Technology Officers.
“We’re building the rails for global-scale, real-time crypto applications,” said Treglia.
“Developers today want powerful SDKs and plug-and-play infrastructure, not blockchain headaches,” he added.
Bellet will be hosting “From Chains to Apps: Making Web3 Feel Like Web2” on the Ton stage at 5pm SGT on Thursday, October 2.
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Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
