HOW DOES WEB3 DISRUPT TRADITIONAL FINANCIAL SERVICES STEP BY STEP?

actual@newsletter.paragraph.com (sodanight) — Thu, 02 Jan 2025 09:07:52 GMT

Let's start with a real-life example: Sophie is one of the best university teachers in the UK. Her classes are loved by management students and are always packed. Business leaders reschedule their strict schedules to ensure they don't miss a single meeting. But Sophie dreams of getting students out of the walls of traditional schools and wants to share her knowledge with business leaders around the world. She envisions her online courses that can reach global leaders. She envisions her online course that can attract leaders from diverse backgrounds to come together to learn and share ideas. However, she faced a challenge: she didn't have enough money to pursue her dreams. One day, encouraged by a friend who had done the same thing, she decided to take the leap: quit her stable job and start her own business. Initially, she struggled to use online meeting tools, but her determination allowed her to master them quickly. Sophie works tirelessly to create content, hire designers to produce compelling images, and utilize the latest artificial intelligence to translate them in real-time. Her course went live in less than two months and the response was overwhelming. "Sophie, I'm really impressed with your progress," John said one day. "But I've always wondered, how can you get a loan so quickly to start a business? Usually, it takes months for a new business to get a loan, and some banks don't even offer loans for small businesses. Sophie smiled and said, "I didn't go to the bank, John." My change comes from my community. By tokenizing and splitting my house and using it as collateral, I was able to quickly get the money I needed. In exchange, the community receives 30% of my earnings in perpetuity.