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Jacob IsenbergA Negative FED: The Domino of the TradFi Crisis - Florence Finance - Medium
Find out about the ideal bridge that could hold the key to a new financial future With the central pillar of TradFi now operating at a financial loss, there are significant implications on what the future holds for the entire realm of finance. Yet there are likely several semi-interdependent paths, which could occur and we will logically dissect the strengths and weaknesses, of these various outcomes. For reference, we’ll build off of some information discussed in Lyn Alden’s recent piece on ...
Jacob IsenbergReal World Asset Lending: The Next Big Trend in Crypto?
Find out how this $150 million investment in Real World Asset Lending is supporting our vision at Florence Finance Our friends over at MakerDAO have put their money where their mouth is, and together with Centrifuge, have made one of the most significant on-chain investments ($150m) into real-world assets to date. Not only does this show how seriously they are taking their real world assets (RWA) initiative, but it also displays some vital insight as to where the market is headed. We at Flore...
Jacob IsenbergLearn with Autonio: The Essentials of DeFi — Hive
621780d85f519840bf559689\_b73b71ba-p-1080.jpegIn the world of fiat currency there is an obscure yet firmly established hierarchy that controls the creation, circulation, and management of all matters in the financial domain. For ordinary consumers, the main way that we interact with this incomprehensible system is with banks, which have been thought of as the trusted intermediaries for millennia, and will gladly take our funds in exchange for a bank slip that supposedly ensures our money is s...
Jacob IsenbergA Negative FED: The Domino of the TradFi Crisis - Florence Finance - Medium
Find out about the ideal bridge that could hold the key to a new financial future With the central pillar of TradFi now operating at a financial loss, there are significant implications on what the future holds for the entire realm of finance. Yet there are likely several semi-interdependent paths, which could occur and we will logically dissect the strengths and weaknesses, of these various outcomes. For reference, we’ll build off of some information discussed in Lyn Alden’s recent piece on ...
Jacob IsenbergReal World Asset Lending: The Next Big Trend in Crypto?
Find out how this $150 million investment in Real World Asset Lending is supporting our vision at Florence Finance Our friends over at MakerDAO have put their money where their mouth is, and together with Centrifuge, have made one of the most significant on-chain investments ($150m) into real-world assets to date. Not only does this show how seriously they are taking their real world assets (RWA) initiative, but it also displays some vital insight as to where the market is headed. We at Flore...
Jacob IsenbergLearn with Autonio: The Essentials of DeFi — Hive
621780d85f519840bf559689\_b73b71ba-p-1080.jpegIn the world of fiat currency there is an obscure yet firmly established hierarchy that controls the creation, circulation, and management of all matters in the financial domain. For ordinary consumers, the main way that we interact with this incomprehensible system is with banks, which have been thought of as the trusted intermediaries for millennia, and will gladly take our funds in exchange for a bank slip that supposedly ensures our money is s...
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Over the past couple of years, we’ve received glimmers of hope from this this next version of the internet. Cryptocurrencies have enabled permissionless transactions to occur without the interference from age old intermediaries. Of course, this has been made possible with the help of blockchain technology, which amid its perceived complexity, is actually based on patterns that are present in nature. Nodes on a particular blockchain are not dissimilar to trees in a given ecosystem, as they each act as recorders and verifiers of information moving through a network.
This makes it an entirely different composition that what we’re currently used to on Web 2, where a few centralised entities essentially control the entire internet. Therefore since the infrastructures between the old and new web are not at all compatible, it brings up the questions on how or if the two can really co-exist. On the side of Web 2 are the governments, banks, and legacy businesses, while Web 3 offers the means of transacting instantaneously, the ability to form decentralised organisations, and the ability to create and exchange value in diverse ways.
If you’ve only heard the term Web 3 tossed around as buzzword you’re not to blame, since up until now, it has been heavily dominated by developers and crypto fanatics without much practicality for folks who are not speculators or technically-minded. In many ways this has also gotten it a bad rap in the mainstream, as more savvy tech-oriented people have used their expertise for scams and funneling off money.
Aside from its progress in the realm of finance, many Web 3 products to date have also given off an immature vibe, which has likely been a turn off to many investors and businesses. However with its tools and resources now becoming more accessible and less intimidating to the everyday entrepreneur, it will be up to this new wave of Web 3 adopters to decide what to create. There are some really revolutionary opportunities on the table, so without further ado, let’s get into them.
Revolutionary Use Case #1- Point of Sales and Web 3 Domains
As you could imagine, a Web 3 domain is decentralised and minted on a given blockchain in the form of an NFT, meaning that you own the domain completely. It is unlike the Web 2 model, where domains are regulated through DNS records and require constant renewals and other miscellaneous fees. At the moment, Web 3 domains can be purchased at Unstoppable Domains, ENS, or other blockchain particular registries. So with your domain owned outright on Web 3, what comes next is the ability to monetise it.
Since most Web 3 users have their wallets on a browser or desktop, crypto POS will likely become a huge area of focus in the coming years. Once some suitable solutions have been developed, it’s hard to believe anyone would prefer the third party payment processors and banks of Web 2. Web 3 POS, would have people and businesses getting funds directly into their wallet in real-time in a P2P manner, without the bother of long transfer times, excessive fees, or incompetent customer service.
Revolutionary Use Case #2- NFTs Backed by the Value of Real World Assets
In their infancy, NFTs gained a solid deal of popularity, though they probably came off as a fad to most due to weird images that were both hyped up and expensive. Yet NFTs have not even scratched the surface, for what they can do for ownership, certifications, and asset utility. This is especially the case when it comes to real world assets like food stock, minerals, and real estate. With NFTs comes the power to tokenise, which in turn provides a whole range of possibilities on the blockchain for the underlying asset. However just because we can theoretically tokenise everything under the sun doesn’t mean we should. Tokenising natural, social, cultural, and spiritual capital should be off limits in order to preserve our quality of life.
Revolutionary Use Case #3- Decentralised and Autonomous Organisations
Since the way we organise ourselves and earn livelihoods is becoming increasingly localised and internet-driven simultaneously, decentralised and autonomous organisations (DAOs) present the ideal form to facilitate it. Without traditional corporate structures to adhere to, DAOs present a more flexible and free way to organise and operate groups of people. To date, DAOs have only really been based on computer-related activities, so the sky is the limit for on the ground work.
On the same note, the capabilities of DAOs have not yet been properly utilised, as most have still operated with the mindset of a corporation. Instead of focusing on deploying resources and executing projects at lightning speeds, they have doddled around in unnecessary governance schemes and inefficient voting mechanisms. While these features can be part of a DAO, they’re not compulsory and don’t really make sense for small to medium-sized groups and teams. Within the next few years, it’s highly probable that we’ll see huge influxes of money into DAOs, if they can learn to stick to their advantages.
Revolutionary Use Case #4- Refining Networks and Applications
Put simply, the Web 3 approach seeks to use the least amount of tools and connect with the minimum amount of people in order to get results. Its emphasis is on quality over quantity, so again it is the complete opposite of Web 2, which always promotes getting more followers, using more software, and consuming/producing more content. The reason being, is that all of this activity ultimately generates more data, and therefore more business for big tech. However we’ve reached a point, where this style is becoming increasingly prohibitive and time consuming. For most people, it’s not a valid option to be spending several hours a day on social media, just to please the algorithms.
Fortunately, first generation networks on Web 3 will find themselves in a unique position, when they can offer more viable alternatives. The same can be said about applications or dApps (decentralised applications), which have already made good progress with financial services. As with most of the revolutionary use cases mentioned, a lot also depends on what we want to build. Will we manage to come up with ways to integrate Web 3 in our everyday systems, or will we continue to put it to use for unimportant things like gaming.
Revolutionary Use Case #5- Quality of Life with Biomimicry
As touched on earlier, the Web 3 foundations of blockchain mirror what we can see in our local ecosystems. The scientific term for this would be biomimicry, which is aimed at designing systems that are based on phenomena observed in nature. One example of this would be an opportunity to redesign days in attunement with the photosynthetic cycles of plants. Instead of going full out from from 9-5 for our work, we could mix in periodic breaks and specific idle times to rejuvenate like plants do.
An important part in making a good quality of life is using less tech and having more meaningful biological relationships. While Web 2 seems destined to incentivize more and more AI activity, Web 3 does not have to go the same route. It all depends on what we prioritise. Unfortunately, quality of life is not a metric that fits in to mainstream thinking, since it can not be quantified. In turn, by left brain standards this would make quality of life much less valuable than an AI data-driven lifestyle. Of all the revolutionary Web 3 use cases, enhancing quality of life will perhaps be the trickiest to accomplish, because it will require using a completely different way of articulating value.
Conclusion
Without a doubt, these next couple of years will be crucial to the overall development of Web 3. In all likelihood, there will need to be many types of bridge platforms built that facilitate the onboarding of new people into the Web 3 ecosystem. The five revolutionary use cases talked about in this article, are opportunities that if executed upon, could easily make someone the next wealthy Web 3 entrepreneur. My current organisation Salama Eco, is already utilising these five revolutionary use cases, in some very innovative ways.
If you’re interested in finding out more, then you can subscribe to our telegram channel:
Over the past couple of years, we’ve received glimmers of hope from this this next version of the internet. Cryptocurrencies have enabled permissionless transactions to occur without the interference from age old intermediaries. Of course, this has been made possible with the help of blockchain technology, which amid its perceived complexity, is actually based on patterns that are present in nature. Nodes on a particular blockchain are not dissimilar to trees in a given ecosystem, as they each act as recorders and verifiers of information moving through a network.
This makes it an entirely different composition that what we’re currently used to on Web 2, where a few centralised entities essentially control the entire internet. Therefore since the infrastructures between the old and new web are not at all compatible, it brings up the questions on how or if the two can really co-exist. On the side of Web 2 are the governments, banks, and legacy businesses, while Web 3 offers the means of transacting instantaneously, the ability to form decentralised organisations, and the ability to create and exchange value in diverse ways.
If you’ve only heard the term Web 3 tossed around as buzzword you’re not to blame, since up until now, it has been heavily dominated by developers and crypto fanatics without much practicality for folks who are not speculators or technically-minded. In many ways this has also gotten it a bad rap in the mainstream, as more savvy tech-oriented people have used their expertise for scams and funneling off money.
Aside from its progress in the realm of finance, many Web 3 products to date have also given off an immature vibe, which has likely been a turn off to many investors and businesses. However with its tools and resources now becoming more accessible and less intimidating to the everyday entrepreneur, it will be up to this new wave of Web 3 adopters to decide what to create. There are some really revolutionary opportunities on the table, so without further ado, let’s get into them.
Revolutionary Use Case #1- Point of Sales and Web 3 Domains
As you could imagine, a Web 3 domain is decentralised and minted on a given blockchain in the form of an NFT, meaning that you own the domain completely. It is unlike the Web 2 model, where domains are regulated through DNS records and require constant renewals and other miscellaneous fees. At the moment, Web 3 domains can be purchased at Unstoppable Domains, ENS, or other blockchain particular registries. So with your domain owned outright on Web 3, what comes next is the ability to monetise it.
Since most Web 3 users have their wallets on a browser or desktop, crypto POS will likely become a huge area of focus in the coming years. Once some suitable solutions have been developed, it’s hard to believe anyone would prefer the third party payment processors and banks of Web 2. Web 3 POS, would have people and businesses getting funds directly into their wallet in real-time in a P2P manner, without the bother of long transfer times, excessive fees, or incompetent customer service.
Revolutionary Use Case #2- NFTs Backed by the Value of Real World Assets
In their infancy, NFTs gained a solid deal of popularity, though they probably came off as a fad to most due to weird images that were both hyped up and expensive. Yet NFTs have not even scratched the surface, for what they can do for ownership, certifications, and asset utility. This is especially the case when it comes to real world assets like food stock, minerals, and real estate. With NFTs comes the power to tokenise, which in turn provides a whole range of possibilities on the blockchain for the underlying asset. However just because we can theoretically tokenise everything under the sun doesn’t mean we should. Tokenising natural, social, cultural, and spiritual capital should be off limits in order to preserve our quality of life.
Revolutionary Use Case #3- Decentralised and Autonomous Organisations
Since the way we organise ourselves and earn livelihoods is becoming increasingly localised and internet-driven simultaneously, decentralised and autonomous organisations (DAOs) present the ideal form to facilitate it. Without traditional corporate structures to adhere to, DAOs present a more flexible and free way to organise and operate groups of people. To date, DAOs have only really been based on computer-related activities, so the sky is the limit for on the ground work.
On the same note, the capabilities of DAOs have not yet been properly utilised, as most have still operated with the mindset of a corporation. Instead of focusing on deploying resources and executing projects at lightning speeds, they have doddled around in unnecessary governance schemes and inefficient voting mechanisms. While these features can be part of a DAO, they’re not compulsory and don’t really make sense for small to medium-sized groups and teams. Within the next few years, it’s highly probable that we’ll see huge influxes of money into DAOs, if they can learn to stick to their advantages.
Revolutionary Use Case #4- Refining Networks and Applications
Put simply, the Web 3 approach seeks to use the least amount of tools and connect with the minimum amount of people in order to get results. Its emphasis is on quality over quantity, so again it is the complete opposite of Web 2, which always promotes getting more followers, using more software, and consuming/producing more content. The reason being, is that all of this activity ultimately generates more data, and therefore more business for big tech. However we’ve reached a point, where this style is becoming increasingly prohibitive and time consuming. For most people, it’s not a valid option to be spending several hours a day on social media, just to please the algorithms.
Fortunately, first generation networks on Web 3 will find themselves in a unique position, when they can offer more viable alternatives. The same can be said about applications or dApps (decentralised applications), which have already made good progress with financial services. As with most of the revolutionary use cases mentioned, a lot also depends on what we want to build. Will we manage to come up with ways to integrate Web 3 in our everyday systems, or will we continue to put it to use for unimportant things like gaming.
Revolutionary Use Case #5- Quality of Life with Biomimicry
As touched on earlier, the Web 3 foundations of blockchain mirror what we can see in our local ecosystems. The scientific term for this would be biomimicry, which is aimed at designing systems that are based on phenomena observed in nature. One example of this would be an opportunity to redesign days in attunement with the photosynthetic cycles of plants. Instead of going full out from from 9-5 for our work, we could mix in periodic breaks and specific idle times to rejuvenate like plants do.
An important part in making a good quality of life is using less tech and having more meaningful biological relationships. While Web 2 seems destined to incentivize more and more AI activity, Web 3 does not have to go the same route. It all depends on what we prioritise. Unfortunately, quality of life is not a metric that fits in to mainstream thinking, since it can not be quantified. In turn, by left brain standards this would make quality of life much less valuable than an AI data-driven lifestyle. Of all the revolutionary Web 3 use cases, enhancing quality of life will perhaps be the trickiest to accomplish, because it will require using a completely different way of articulating value.
Conclusion
Without a doubt, these next couple of years will be crucial to the overall development of Web 3. In all likelihood, there will need to be many types of bridge platforms built that facilitate the onboarding of new people into the Web 3 ecosystem. The five revolutionary use cases talked about in this article, are opportunities that if executed upon, could easily make someone the next wealthy Web 3 entrepreneur. My current organisation Salama Eco, is already utilising these five revolutionary use cases, in some very innovative ways.
If you’re interested in finding out more, then you can subscribe to our telegram channel:
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