Prateek Verma

Digital Marketing Manager

Web3 is a decentralized web that uses blockchain technology to enable secure and trustless interactions. Here are five use cases of Web3: DeFi - Financial applications built on top of blockchain that allow users to lend, borrow, and trade cryptocurrencies without intermediaries such as banks. Example: Compound Finance. NFTs - Unique digital assets stored on a blockchain used to represent various assets such as artwork, collectibles, and real estate. Example: CryptoPunks. DAOs - Organizations run by rules encoded on a blockchain that enable a group to manage a shared resource or project without a centralized authority. Example: MakerDAO. Identity Management - Decentralized identity...