Earnity’s Dan Schatt and Domenic Carosa on the Link Between Web3 and Crypto

Domenic Carosa

Cryptocurrencies and the decentralized web3 protocol are rapidly gaining in popularity. While there is still some uncertainty around how these technologies will be used in the future, there is no doubt that they are changing the way global users interact with digital content and services, explain Dan Schatt and Domenic Carosa, fintech veterans and executives of Earnity, a DeFi startup.

Web3 and cryptocurrency share the same objective: to eliminate the need for intermediaries and gatekeepers of the internet. Users worldwide can agree that Web 2.0 brought order to the internet where Web 1.0 failed, which was navigation. While Web 1.0 democratized access to information, its pages were one-way, preventing users from interacting with developers and other users. Web 2.0 saw the emergence of Google, Amazon, Facebook, Twitter, and YouTube, allowing users to consume content and transact with others with ease. However, many acknowledge that these top tech companies have gained too much power over time. Web3 is all about giving some of the power back to the people.

The cryptocurrency community delights in the emergence of Web3 as its products and protocols would benefit significantly from a decentralized platform. And unlike Web 2.0, Web3 would be more reliant on technologies crypto uses. Core blockchain technologies currently fuel Web3 in a real and powerful manner, making it more for businesses and maybe not so much for consumers.

While some experts operate with the belief that Web3 and crypto are made for enterprise, Earnity is building a curated financial marketplace that welcomes global users, whether they are seasoned crypto traders or beginners in the field. Executives Dan Schatt and Domenic Carosa and the rest of the Earnity team members believe that managing crypto should be more straightforward. The platform honors the desire of global users to regain the power amassed by top tech companies by leading a marketplace for tokens where everyone can earn, save, and learn more about cryptocurrency.

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