Source: https://cointelegraph.com/news/crypto-needs-collaboration-to-compete-with-big-tech-hoskinson?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

At the Paris Blockchain Week 2025 event, Charles Hoskinson, the founder of Cardano, emphasized the need for the next generation of cryptocurrency projects to adopt a more collaborative approach in order to effectively compete with major centralized tech companies entering the Web3 space. Hoskinson highlighted a key criticism of the crypto and decentralized finance (DeFi) sector, pointing out the "circular economy" phenomenon where the rise of one cryptocurrency is often fueled by funds exiting another token, ultimately constraining the overall growth of the industry.

According to Hoskinson, the current market dynamics in the crypto space are often adversarial rather than cooperative, creating a zero-sum game scenario. He stressed the importance of developing tokenomics and market structures that foster collaboration and mutual benefit among