This article was first published on district0x - Medium
How to participate in the tech revolution that powers the smart economy.
Web3 is upon us and things are moving at lightning speed in the space. Every day a new seemingly revolutionary DApp hits the market, NFTs are the latest mainstream obsession, DeFi protocols are exploding and with it are yield farming strategies, APY rates and TVL. Maker just hit 15B TVL — a first in the space. Total DeFi TVL just hit 160B according to DeFi Llama. Polkadot, BSC and Solana have their own full-blown ecosystem categories on CMC. Another mad upswing is on the horizon with zkSync Layer2 finally coming to market on Ξthereum this summer. It’s 2021. It’s #degen. It’s the Web3 Matrix.
Arguably one of the most transformative tech revolutions of our time is on the cusp of mainstream adoption: decentralized, blockchain secure, peer-to-peer networks. Forget the IoT, we are entering the era of the Internet of Ownership. An internet where ownership of digital assets is tradable, secure, decentralized and instantaneous, is about become very — very valuable.
For now, Memes, Cryptopunks, Digital Artwork, Web3 domain names — aka rare collectibles; virtual world property, online game items and utility NFTs dominate the digital assets space on marketplaces such as MemeFactory.io, OpenSea, Decentraland and Rarible. Slowly, we are seeing the emergence of cutting-edge financial products being traded as DeFi evolves — we are witnessing the birth of secondary markets for options-trading for instance, such as Hegex.io. Soon, we will see Marketplaces for real world items with everything from your kitchen towel to an airplane ticket, from a bicycle to a private mansion, being attached to an NFT and traded on a decentralized peer-to-peer marketplace, governed as a decentralized autonomous organization (DAO).
YES! it is an exciting time to be alive. But what’s even more exciting, is to actively participate, ...
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