Daniel Ahmed, co-founder of Fasset and founding member of the Own Foundation, emphasizes the importance of ethical finance in guiding the evolution of crypto in India. Crypto, initially driven by decentralization and democratization of finance, has veered off course into speculative gains, losing its moral compass along the way. To realign the industry with its decentralized roots, a focus on long-term value, inclusivity, and ethics is imperative. The rise of layer 2 solutions, as highlighted by Vitalik, underscores the significance of building something beyond oneself and fostering community values in the Web3 space. While the industry witnesses rapid advancements in layer 2 and layer 3 solutions for scalability, the motivation behind these developments often leans towards speculative gains rather than sustainable value creation. The narrative needs to shift towards solving real-world issues and addressing fundamental problems in emerging markets like India. By designing Web3 systems with ethics, accessibility, and long-term utility in mind, the industry can pave the way for meaningful disruption that truly improves lives. Islamic finance serves as a beacon of ethical financial practices, emphasizing tangible assets and community-oriented investments. This model, grounded in morals and substance, can guide Web3 towards sustainable growth beyond hype-driven trends. As the industry redefines success and innovation, a collective commitment to shared values and genuine impact will shape the future of crypto in India.