The Efficacy of Web3 Platform On dApps & DeFi Space

Until you interact with the Web3 platform, you will not understand the efficacy of the platform in terms of its benefit.

Oftentimes, I keep telling people is not about what you read that matters, it's about the application of your findings and what its output thereafter that is very important in research.

Case Study

Hive a web3 platform that connects different people, products and services keep revolutionizing how the world interacts with the internet of value. How do I mean?
The upgrade from web2 like Facebook which allows users to interact with the internet of information which gives no monetary value, web3 create an opportunity for its end-user to monetize their content why sourcing for the internet.

Furthermore, in our day-to-day activities, we have seen so many App that has no connection with traditional financial services, but as the use of web3 platforms/App unfolds, it continues to build more mainstream audiences by decentralizing value transfer which now become the norm for most modern web-based applications. One of the communities on Hive blockchain is @leofinance founded by @khaleelkazi which gives every financial expert to share their experience or content for others to benefit from. This platform made me understand further that web3 is all about community and giving equity to the participants. This simply means the user on the platform is the one getting paid for participating in the network, not the platform.

Take a look at the platform = https://leofinance.io

Note Web3 is already changing how things are monetized.

The major problem in today's internet is how information is gathered and utilized, there many other problems, but the good thing is the introduction of web3 that make use of blockchain networks that make data monetizable and this already bringing a significant shift in modelling businesses.

Impact of Web3 on the development of dApps and the DeFi space?

We can't overemphasize the importance of web3 on Decentralized Finance though to some DeFi is a relatively new facet of the Web3 revolution. According to information gathered about people access to the internet, about 40% world's population has yet to get access to the internet, and getting financial solutions (Bank) to them seems difficult but DeFi bought in solution.

Decentralized Finance allows anyone with a smartphone to access the blockchain and its associated services, which is an enormous step towards global financial inclusion.

Hive blockchain is one of the platforms with multiple financial solutions.

1. Staking Solution with amazing interest. E.g. LeoFinance DeFi Dapp (https://cubdefi.com)
2. Decentralized loan application. E.g. @neoxian bank at Dcity
3. Blockchain Gaming with earning. E.g. @splinterlands
4. Decentralized Exchange. E.g. Hive engine
5. NFTs and many more solutions

It will interest you to know that there are multiple ways of generating income on Hive blockchain, you only need to be in a community and be active in others to understand your movement and network with others within the community.

Get started on the chain as @leofinance have released a seamless environment to get started on Hive blockchain via your Twitter or Metamask. Register Here

To Further enjoy my content, Follow me: @samest on Hive Follow me: @olapadesam00 on Twitter

Posted Using LeoFinance ^Beta