Web 3.0 is something that few of us ever experienced before. It is really amazing, when you think about it, to have our own money. This opens up doors that most of us never thought possible.

In fact, it is so foreign, that few of us realize it today. We can see this based upon what is build and how people are using what is available.

The ability to create our own money moves far beyond currency. Actually, I would make the case that currency is the secondary topic in this conversation. When I look at the major players, the ones who really do money, currency isn't in their domain.

So what is? Financial products.

Here is where I think the bulk of Web 3.0's financial future resides. When people understand the ability to create their own products, it will be a major windfall.

Over the last few years, we saw this concept evolving from a few different projects. Both @spinvest and @lbi-token has taken this to heart. They were created to epitomize this concept and utilize the newfound power that Web 3.0 offer.

Due to some of the creativity of @silverstackeruk, we see a variety of initiatives that fit into this model.

Source

Mini Wall Street

The domain of financial product creation belongs to Wall Street. This is the epicenter of the building of financial opportunities. Of course, we know the system favors them, hence they are the ones to benefit in almost all instances.

However, leaving that aside, if we can learn from the structure of things, we can see how this could evolve.

What happens if there are millions of "Mini-Wall Streets" around? By this, I mean we an abundance of financial products created that could be vehicles for financial growth. Even if none are on the scale of Wall Street institutions, we create so many that the totality far surpasses what is out there.

Under the present system, size has its advantages. With what I see, decentralization means total is what matters. Having 1 firms with $1 trillion in assets under management is not as beneficial as 1 million initiatives with that.

That is exactly what we see with LBI.

This was a project that allowed for people to invest Steem and receive the LBI token. It was the first step in what has become a multi-tiered financial system that is providing strong returns.

Naturally, it is nothing compared to even the smallest fund out there but it does show the power of what can be done. The process then becomes "rinse and repeat".

Over time, more products were rolled out, focusing upon a different revenue path. Not all of these were successful as is the case with investing. However, for the most part, we are coming out far ahead of what the typical bond pays.

Millions of funds

To me, the idea of Web 3.0 will be substantiated when there are millions of funds of this nature created. When people take the tools available to them and create products that provide financial benefit to people, without the Extraction ala Wall Street, then we know we have arrived.

At present, I am not even sure the mindset is that common. Few appear to be thinking in this direction. I have a feeling this stems from the all or none mentality that most have.

This appears to be the case at every level of finance.

When it comes to the institutions, everyone wants to grow into another Blackrock or Fidelity. From an individual perspective, people are looking for the moonshots.

What about a different approach? Keep in mind the rinse and repeat.

This week I got 8.3 Hive for holding the EDS token. Here we have a project under the LBI umbrella that I got involved with. At present rate, this is 431 HIVE per year, based upon 1800 tokens. This is a nice 24% return each year.

Is this going to make me rich? Not by a long shot. However, it is a steady return.

There was another 21.60 HIVE that came in this week for my SPI holding. Again, we have another situation where the payout shows up weekly. I have almost 12K SPI, a fair bit which was acquired as the payouts for a period of time in lieu of HIVE.

Rinse and repeat.

These are the types of things that can be created. As most people on Hive what they know about SPI and LBI, and few will have the answers. It is relatively unknown. Are there million of dollars in assets being handled? No.

It does show the potential.

And this is being done with limited tools. The opportunities will likely grow as more protocols roll out, especially with smart contract capabilities. This could lead to even more elaborate products, also providing an outsized but steady return.

This is an aspect to Web 3.0 that doesn't get discussed nearly Enough.

Article by @taskmaster4450le

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