Mythbusters: The Top 5 Web3 Myths That Had to Go
Cut through the noise. We bust the top 5 Web3 myths — from impermanent loss to AI hype — so builders can focus on what’s real.
At LightLink, we’ve made it a habit to challenge assumptions and dismantle misconceptions in Web3. Over the past few months, our Mythbusters series has taken on everything from liquidity fears to overhyped AI narratives.
In this roundup, we’re revisiting 5 of the most common myths we’ve busted — and showing what’s really going on under the hood.
Myth 1: Providing Liquidity Is Too Risky
❌ The Myth: LPing is only for degens willing to lose money.
✅ The Reality: It's only risky if you go in blind.
The biggest fear? Impermanent loss. It happens when the value of tokens in a pool shift significantly, leading to lower returns than simply holding. But smart strategies reduce risk:
- Stick with correlated pairs (e.g., USDT/USDC) to reduce price divergence.
- Use methods like the Kelly Criterion, where you provide only a portion (30–50%) of your capital and hold the rest.
With proper risk management, liquidity provision isn’t just safe — it can be a power move, especially when paired with KPI-based reward programs like Metrom.
Myth 2: Web3 Is Just for DeFi and NFTs
❌ The Myth: Web3 is all yield farming and overpriced jpegs.
✅ The Reality: It’s a programmable layer for value, automation, and trust — far beyond collectibles.
- Gaming: Tokenized assets and on-chain save data
- Supply Chains: Immutable tracking, verifiable documents, and fraud-proof logistics
- Smart Contracts: Automating everything from subsidies to insurance payouts
- AI x Web3: Decentralized model training, AI agents, and machine-readable value layers
Beyond trading, Web3 is also about building systems that are trustless, transparent, and composable.
Myth 3: Blockchains Are Expensive
❌ The Myth: Blockchain = gas pain
✅ The Reality: Only if you're on the wrong one.
Gas fees exist for a reason — they prevent spam and compensate node operators. But skyrocketing fees are often the result of demand outpacing scalability.
The fix? Layer 2 solutions like LightLink:
- Bundle transactions for cheaper settlement
- Slash gas costs
- Even eliminate them entirely through gas abstraction
Myth 4: Only Developers Can Build Web3 Apps
❌ The Myth: You need to know Solidity to launch anything on-chain
✅ The Reality: AI + no-code tools have lowered the barrier to entry
Today, anyone with a clear plan can build in Web3 using tools like:
- AI copilots (e.g., ChatGPT, Claude, Gemini) for generating code
- No-code platforms like Directual, thirdweb, and CryptoDo for building UIs and contracts
- Smart contract templates and deployment platforms tailored to Web3 builders
Start small, iterate fast. You don’t need to be technical — you just need curiosity and a problem to solve.
Myth 5: AI in Web3 Is Overhyped
❌ The Myth: AI is a buzzword with no real utility in Web3
✅ The Reality: AI is already transforming Web3 across dev, UX, and automation
Let’s be real — most AI models today are glorified autocomplete engines. But when trained on blockchain data, they become Web3-native assistants that can:
- Interpret on-chain data
- Automate complex interactions
- Assist users via AI agents (e.g., LightLink’s Agent Experience (AX))
Think “Siri for Web3” — executing transactions, handling LP positions, and explaining concepts in real time.
What’s Next?
These five myths barely scratch the surface. Web3 is evolving fast, and so are the misconceptions. We’ll keep cutting through the noise — one myth at a time.
Got a bad take you’ve seen floating around? Drop it in our replies or tag us on X. We’re always listening and ready to bust more myths.
Ready to Build the Future?
Whether you're an enterprise rethinking digital infrastructure or a founder exploring what’s next in finance, urban tech, or AI—let’s talk. Reach out at hello@lightlink.io to explore pilot projects and tailored integrations.
Developers, creators, curious minds—our community’s 200K+ strong across X, Discord, Telegram, and LinkedIn. LightLink empowers innovators working toward a smarter, safer, and more human-driven future.
Let’s #DiscoverPossible — together.
