Question
For @Taskmaster4450le:
What potential cost savings or revenue opportunities can instructions expect by embracing Web3, and can you provide concrete projections?
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Question
For @Taskmaster4450le:
What potential cost savings or revenue opportunities can instructions expect by embracing Web3, and can you provide concrete projections?
#technology demonetizes stuff and is deflationary by nature. So look for any industry that it touches as coming down in price over time. Billions of dollars is extracted by intermediaries and that will be eliminated.
#web3 is going to demonetize most everything especially in financial. FinTech has disrupted the banking industry to the point where people do not pay commission on trading stocks.
But then, DeFi users are still paying some coins as fee to add/remove liquidity and in exchanges too. That may amount to much with big volumes of transactions. How do we handle that?
That is true. But the fees are not going to centralized entities in that instance. Liquidity pools can be structured so that the "fees" go to those involved instead of paying CZ or people at CEX.
Very valid scenario you brought up here but CZ and his Binance is more loud and popular than Dexes. The average Joe out there knows about Binance and thinks it's the best place to be in crypto. What's the way forward?
Hell with a token you could build a lending platform with actually negative interest rates...in other words, pay people to borrow money from the app.
Let that sink in.
Powerful usecase there. Infrastructure can also be leant like layer2 on Hive. Thanks for the answers and ideas shared.
Other financial services will likely have some entities that are centralized. People will have to decide on the fees. When these apps are built especially as open source, the monetization goes out in terms of fees....
Since others will simply charge less.
That is where tokenizing a platform can incorporate new revenue models as opposed to just charging users.
That is a starting point for any type of analysis.