Digital Assets: Life Changing Money

Web 3.0 is changing everything. We are entering an era where the next couple decades are going to see abundance created. This is simply what happens when the Internet enters an industry. The Internet most certainly has come to money.

Many still find this hard to believe. Even with the foundation that is being put in place, and some of the wealth created at these early stages, it is beyond the comprehension of most. Perhaps that is the power of mindset and conditioning.

It is time for people to make a decision. Regardless of where you are in the world, it is time to truly commit.

Are you going to do all you can to receive life changing money?

Of course, this has a different meaning to each individual, resulting in this catered to the specific needs of those reading this.

Nevertheless, this is what cryptocurrency can offer. The question is where one is willing to go after it or not.

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Inclusion Means Greater Effects

We often discuss the idea of network effects. This grows significantly when inclusion occurs. We know much of the present financial system is exclusionary. Only a select few get to play in the inner circle while the rest are on the outside. At the same time, a significant portion of the global population isn't even included.

Web 3.0 changes all of this. When finance is interwoven in things such as social media and games, we can see how things are radically altered. Suddenly, monetization for that which was done for the benefit of another is in play.

Of course, the flaw in cryptocurrency, thus far, is that all the focus was on mooning, Lambos, and getting rich. It is not a point that we are driving home.

People sarcastically use the line, "I am here for the technology'. This is true simply because the technology is changing everything. Those that want to cast aspersions are only enhancing the problem.

Web 3.0 is about technology. This means a redesign of how many parts of the Internet work. Those who are involved are forging a new methodology not only from a technical perspective but also financial and social.

This brings us back to money. Early adopters tend to be trailblazers. They are involved when most are not. Their task is often to do the heavy lifting while putting up with a lot of flaws in the early stages.

When it comes to putting money on the line, there is a great deal more risk. For this reason, the expected return is higher. This is how venture capital money operates. Many projects end up as complete losses. However, when an application or company hits, an enormous payday is realized.

This is the point we are at with Web 3.0. The digital assets that roll out over the next few years are going to see enormous value. Certainly, there will be a lot that ends up worthless. That said, the projects that succeed are going to clean up.

Activity-Investment-Reward

We see a unique combination arises that makes Web 3.0 completely different from what preceded it.

Anyone knows the network effect, especially with social media, is tied to activity. Hundreds of thousands of users (if not millions) interacting at the same time generates revenue. As most know, this is not spread to the userbase.

There is the option, of course, of investing in a company like Facebook (Meta) or Google. However, to do this requires resources to begin with. It is also worth mentioning that activity on your part is not likely to have much impact upon your investment.

Which brings us to the new model. When rewards for activity are issues, now we are dealing with something completely different. So far, on Hive, this is fungible coins or tokens that are distributed. However, we are starting to see the idea of NFTs being used. Here we see the beginning stages of focusing upon digital assets in general.

This certainly can be supplemented by investment. Some choose to use already held resources to increase their stake in a particular project.

Finally, we are dealing with many projects that are small. Thus, unlike Twitter, when one adds a lot of content (activity), that can make a major difference. An extra 100 comments on Twitter gets lost. However, on a platform with a couple hundred users, it stands out.

We can begin to see the circular nature of things. For so long, there was separation especially online, between the users and those who financially benefitted from the monetization of the platform. Web 3.0 changes this.

Getting Your Piece

This is like a modern day gold rush. People can go into the "digital wild" and stake their claim. For most, this might not end up in much. However, for those who see the potential, this can be life changing.

Since we are dealing with something that is permissionless, anyone is free to join in. Naturally, when we look at the numbers, we know most are not here. This is why those presently involved in Web 3.0 are trailblazers. Digital assets are vastly underrated by the mainstream which simply focuses upon the monetary value at a given point.

What is being developed is crucial. Here we see those who are involved early, taking a risk, and putting forth the effort potentially stand to gain in a massive way. As always, there are no guarantees and much of what we are dealing with can end in complete loss. However, for those who navigate the waters, life changing money could be there.

The question is whether you are willing to go for? And if so, what are you willing to do to get there?

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