Earnity is a community-based platform to buy and sell crypto. Envisioned by executives Domenic Carosa and Dan Schatt, it has far less noise because users must go through verification to ensure they are indeed human. Moreover, Earnity’s verification process ensures that the community is free of bots, fake accounts, and shill armies that plague other crypto-themed social media sites and groups.
Through Earnity, Dan Schatt and Domenic Carosa also look to maximize today’s technologies, such as Web3.
So now, the question is – what does Web3 mean to cryptocurrency and finance in general?
Cryptocurrencies are a new and rapidly growing asset class, and the industry is still in its early stages. Much progress and huge milestones and breakthroughs have been made since the invention of Bitcoin in 2009. However, the truth is that there is still much work to be done. One of the essential areas of development is the infrastructure supporting cryptocurrencies. This infrastructure is known as Web3, and it is playing a critical role in the growth of the cryptocurrency industry.
Web3 is a term that refers to a new way of using the internet. It is based on three core principles: decentralization, security, and privacy. These principles are essential for creating a fair and equitable internet where users have more control over their data. Web3 can be used to create decentralized applications (dApps) that are immune to censorship and attacks. These applications can solve significant problems such as identity verification, data ownership, and more.
The crypto industry is still right in the middle of its infancy, but it grows rapidly. Web3 plays a critical role in this growth, and it will continue to be an important part of the industry in the years to come. Thanks to Web3, the cryptocurrency industry has the potential to become one of the most critical technologies ever.