Web3—the new and improved version of today’s internet, based on blockchain technology—is growing in importance in 2022. Web3’s newfound prominence is precisely why the creation of Earnity, a new social-first cryptocurrency platform and marketplace, is so novel: The platform was created to provide users with a space in which to capitalize on Web3’s emerging resources, according to two of the platform’s executives Domenic Carosa and Dan Schatt. Let’s delve into all that Web3 and the new marketplace offer to crypto buyers.
Web3 is a new information network enabled by unprecedented encryption algorithms. This technology promises to boost individuals’ agency by decreasing power concentrations. Because the network administration isn’t centralized, greater personal accountability and shared responsibility are needed to make Web3 work.
The metaverse, which is picking up steam, can be considered Web3’s first social-first initiative. Everybody can collaborate, interact, and live in a virtual-reality setting in this digital future. Users can easily move their avatars/accounts among sites or services instead of logging in to multiple accounts managed by different corporations. This phenomenon is called robust interoperability, and it is a core principle of Facebook.
Like Facebook, Earnity aims to provide people with more autonomy while still putting the community first, which is why users of the platform will be able to create, follow, and connect with groups that appeal to their crypto-related interests. Users will also be able to sell, buy, and hold cryptocurrencies through the marketplace and stay up to date on the industry’s latest developments, according to Domenic Carosa and Dan Schatt. In addition, Earnity’s emphasis on security and its role as a hub for crypto-related educational resources make it the ideal platform for those looking to make their first crypto purchases.
All in all, the new platform utilizes technology and finance to positively impact society as well as challenge the financial system status quo in a new way in 2022 and beyond, according to Carosa and Schatt.