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 management systems that give individuals more control over their personal data to address issues such as data breaches and identity theft. Example: uPort.

Supply Chain Management - Blockchain-based daosystems that track products and materials from the source to the end-user to improve accountability and reduce the risk of fraud. Example: VeChain.

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