5 Cutting Edge Web 3.0 Services
New web 3.0 services are being continuously introduced. In this newsletter, we discuss few web 3.0 services that we feel are cutting edge.
Uniswap is an Ethereum-based decentralized exchange platform (DEX). It enables users to buy and sell different ERC20 tokens in a decentralized, trustless manner. Decentralized exchanges (DEXs) are online markets that let users trade cryptocurrencies with one another directly without the use of a middleman.
ERC20 tokens are a type of digital currency that is created on the Ethereum blockchain technology through the use of smart contracts. For example: Shiba Inu (SHIB) and MAKER (MKR).
OpenSea is a marketplace for purchasing and selling Ethereum-based non-fungible tokens (NFTs). NFTs are digital assets that are maintained on a blockchain and are unique and non-transferable. They can represent both digital and tangible assets, including works of art, music, movies, and even real estate.
NFTs are a new and interesting way to acquire digital assets that are unique and have intrinsic value. Buyers are given the opportunity to interact directly with the artist and join a community of investors and collectors.
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Axie Infinity is a gaming platform where users can make real money by playing game. Players who participate in the game receive the SLP Smooth Love Potion currency, which they can exchange for Fiat currency like USD on any cryptocurrency exchange platform.
To play the game user need to?create an account on the platform and purchase three Axies from the marketplace in order to play the game. Players can get new SLPs by winning games.
MakerDAO intends to provide users with a reliable, decentralized form of currency that is less volatile and centralized than other cryptocurrencies. Users can borrow Dai stablecoins by pledging their ERC20 tokens as collateral.
Stablecoins are digital assets with a stable value. They are frequently linked to a fiat currency such as the US dollar or the Euro. It can also be used as a medium of exchange and?less susceptible to inflation.
Decentraland is a virtual world in which users can develop, explore, and trade digital real estate and valuables.?The world is created on the Ethereum blockchain, ensuring that every user owns the virtual property they purchase. Users have the option of building their own private projects and plots of land, as well as buying land from other users.
People buy land on Decentraland because it offers a unique opportunity to own a piece of virtual real estate in a virtual world. The land is limited, and ownership is secured on the blockchain, meaning it's impossible for it to be taken away.
Which one is your favourite new and upcoming web 3.0 service, let us know in comment!