# Fortune 50s are building web3 teams; bear market is good for Akash

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2022-10-20
- **Theme:** Crypto & DePIN — https://www.gregosuri.com/predictions/crypto-depin/
- **Source:** Akash Weekly - October 19th 2022 (Akash Network)
- **Watch at:** 00:38:41 — https://www.youtube.com/watch?v=dJKFr9wAYwA&t=2321s
- **Canonical:** https://www.gregosuri.com/predictions/crypto-depin/2022-10-20-fortune-50s-are-building-web3-teams-bear-market-is-ofsw/
- **Cite as:** Greg Osuri, "Fortune 50s are building web3 teams; bear market is good for Akash," Akash Weekly - October 19th 2022 (Akash Network), 20 Oct 2022, 00:38:41. https://www.youtube.com/watch?v=dJKFr9wAYwA&t=2321s

## Quote — verbatim

> I talked to several large Fortune 50 companies — all of them actually having dedicated web3 teams or are planning to have a dedicated web3 team. I think this bear market is going to be great for us overall, because it's a lot less noise and a lot of the tourists left and it's serious builders that have strong convictions stick, because there's no more money.

## Context — site annotation, not spoken

Reacting to the DoD adoption news landing during a bear market — "real adoption comes out in a bear market because you can actually focus on what is really happening."