Does Accountability Matter in Web3 - The Dark Side of Anonymity

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Anonymity and privacy have been the core components of the modern era's blockchain technology. The ability to transact anonymously has genuinely been a revolution in the digital asset space. But recent abuse of anonymity has posed serious concerns among the Web3 community. Accountability is critical for the modern blockchain era, according to the author. The importance of accountability in Web3 space is to ensure that anonymity isn't misused across so many different environments, he says. For example, last year, a new project called the "squid-game-coin-crypto-scam" emerged in the blockchain space.