NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

The Youth Will Drive Global Crypto Adoption: Herbert Sim, COO Of Websea

Mark Hampton
Mark Hampton
1 year ago
5 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The global crypto adoption rate remains unsatisfactory and efforts are on to bring more people into web3. In this session, we’re interviewing Herbert Sim, COO of the digital asset trading platform, Websea, where he shares his insights about web3 adoption.

Q. Hello. Would you please introduce yourself and share your professional journey with our readers?

Hi, I’m Herbert and it’s wonderful to be here. I’m currently the COO of Websea, a youth-focused web3 digital asset trading platform.

Before Websea, I worked as the Global Operations Director at Huobi Global and Chief Marketing Officer at Cryptology Exchange. So I’ve been in operational management in the FinTech sector for a fairly long time.

Most people know me as ‘The Bitcoin Man’ for my work as an angel investor and advisor for crypto projects. The Bitcoin Man is now a venture capital fund where I continue to invest and incubate promising startups.

I’m also the founder of Crypto Chain University (CCU), a non-profit institute and digital repository for blockchain research and policy-oriented work. CCU is a passion project and comes from my desire to make web3 accessible to people.

I believe the web3 sector has much to do to bring decentralized protocols to the masses. So I continue to work hard to realize the vision of ‘onboarding the next billion’ to crypto.

Q. Why do you think the web3 industry hasn’t yet reached mass crypto adoption? What does the industry need to do to bring more people into web3?

In my opinion, the biggest problem is the lack of easy-to-use, smooth, and efficient web3 protocols with an engaging user interface. We can’t expect newcomers to navigate complicated apps to store or use digital assets daily.

So web2 users need a seamless transition to web3 protocols where they don’t require any technical knowledge to operate the apps. Moreover, web3 apps must integrate attractive features and financial incentives to appeal to first-time users.

For instance, crypto exchanges function as the main gateway to enter web3 for investing and trading in crypto and NFTs. These exchanges serve as the primary circulation hubs for the digital asset economy to transact globally without any restrictions.

However, most crypto exchanges have a difficult user interface that doesn’t appeal to new users. Thus we need more exchanges that can conveniently provide digital asset services and remain integrated with the wider web3 economy.

Once we have engaging web3 protocols, people from diverse demographics will start joining the crypto world.

Q. Who do you think will be the primary driver of crypto adoption in the next decade? Can you elaborate on the reasons?

I think the digital asset economy is conducive for people of all age groups and across geographical borders.

If you look at statistical reports, there has been an almost 200% growth in global crypto users with Asian and African countries dominating the Crypto Adoption Index.

But once you probe further, you’ll see that young people are the main drivers in the crypto space and will continue to do so.

A Coinbase report states that 31% of young people own crypto compared to just 12% of older people. Further, 38% of youth believe that crypto is the future of finance compared to 28% of the older generation.

There are multiple reasons why Millennials and Gen Z prefer crypto assets. To begin with, they’re digital natives who organically grew up with the Internet. But other socio-economic factors are working as well.

Millennials have faced student debts, rising housing costs, inflation, and the 2008 financial crisis. Thus, rather than trusting centralized banks or government-backed national currencies, they’re more open to alternative finance like crypto.

The Great Wealth Transfer will happen over the next few decades where Millennials and Gen Z will inherit around $84 trillion. A Galaxy Research report states that $160-$225 billion would come into crypto markets from younger generations if the Wealth Transfer happened today.

When the Transfer is complete by 2045, crypto can record a daily incremental buying pressure of around $20-$28 million.

That is why I’m building Websea, a digital asset ecosystem that specifically focuses on young investors.

Q. Tell us more about Websea. How do you intend to cater to a young audience with your platform?

Websea is a digital asset trading platform exclusively customized for the global youth.

Our platform offers a dual account system with centralized and decentralized asset custody models. We have an integrated AI system for risk mitigation, fraud prevention, predictive trading analytics, and strategy recommendations.

The WBS token powers our Websea platform. WBS has a total supply of 300 million tokens with 60% allocated for community incentives. The rest is for long-term platform development with a multi-year lock-up period.

We follow an X-To-Earn tokenomics model where users can play, trade, browse, stake, contribute, and create to earn tokens.

To answer your second question, Websea offers gamified features for an engaging and entertaining trading experience for our young audience.

We also have options like Boost to Bargain, Invitation Red Packet rewards, Lucky Box awards, and Group Boosts. These financial incentives help us consolidate our platform and organically expand our user base.

Websea is also focussing on building a gaming ecosystem to cater to the youth and will incubate GameFi projects.

Q. We’re currently going through a bull market where hype and speculation dominate crypto trading. However, the bear market brings a huge slump. So what do you think about this cycle and its impact on the crypto trading industry? How do you think the youth will shape this space in the coming years?

I consider that the bull market hype brings new investors to the crypto industry. So there’s nothing fundamentally wrong with speculative trading during a bull run. Plus, the stock market also goes through cycles so it’s only natural for the crypto market to go through the same.

Let me explain this with an example. The Runes hype has brought huge attention to Bitcoin and will provide an impetus to Bitcoin DeFi in the long run. However, as of April, two-thirds of the top 50 Runes are in the red, which means investors are not seeing any immediate profits.

People usually blame young investors for having fun with memecoins and making the crypto space akin to gambling. But even Vitalik Buterin thinks such practices are not entirely bad.

He recently said, “If people value having fun, and financialized games seem to at least sometimes provide that, then could there be a more positive-sum version…?”

I’ll echo Buterin’s statement and say that young investors know what they’re doing and how they want to manage their finances. So even if they’re having fun with meme coins or investing seriously in BTC or ETH, they know the game.

That is why I think the youth will drive global crypto adoption and make the web3 space more valuable and utility-driven in the future.

 

Image: Websea Medium Blog

Tweet123Share196ShareSend
Mark Hampton
Mark Hampton

Mark Hampton

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Lava Network’s RPC engine sets the infrastructure stablecoins need to scale

Stabelcoins and tokenized assets are quickly becoming the next frontier for payments and financial innovation, promising near-instant settlements, lower fees,...

NewsBTC 1 week ago
Mastercard

Mastercard Stresses Crypto Is An Enhancement, Not A Substitute

Mastercard is moving to bring crypto into its payments network while keeping control tight, company officials said. Related Reading: Scam...

Christian Encila 1 week ago

CSOP Mùa Thu 2025 – Chuỗi Sự Kiện Lớn Nhất Của CoinPoker

Diễn ra từ ngày 7 đến 29 tháng 9 năm 2025, CSOP Mùa Thu sẽ mang đến 23 ngày thi...

hhduy 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Crypto

Can Europe’s Crypto Apps Win Over Binance Users? A Growing Comparison

PR Desk 3 days ago

How to Compete When Finance Never Sleeps

NewsBTC 2 days ago

MEXC Blocks $4.97M in Fraud and Recovers $902K in User Funds, New Report Reveals

Mark Hampton 1 week ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の展望:ビットコイン提携とETF開始で次の暗号資産の巨人となるか

    ドージコイン...

    17 hours ago
  • 鯨が一晩で4,000万XRPを売却、リップル 今後は3ドルのサポートを維持できるか

    鯨が一晩で4,000万XRPを売却、リップル...

    17 hours ago
  • 暗号資産トレジャリーの苦境とQ4に狙う仮想通貨プレセール

    ...

    17 hours ago
  • 10月に上昇が期待される仮想通貨おすすめ6選

    ...

    18 hours ago
  • 新しい仮想通貨が投資家を最速で億万長者に導く ― 既存の「買うべき仮想通貨」を超えて

    ...

    18 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.