Thorough Education

Unlike some other technologies like cloud computing and nuclear physics, Web3 is still at its early stage. There are arguments that cryptography has existed for a while, and thus, Web3 is a relatively old technology. These arguments are quite inaccurate because cryptography is not the only technology that powers Web3, but the rest of the discussion can be left for intellectual calisthenics.

There are stories of people who live in some parts of the world and, due to that reason, cannot use some FinTech software and are left with no other option. If these people were not to have the right education and exposure to the power of DeFi, they would have gladly embraced it.

According to a Consensys survey, about 37% of a random population does not know about Web3, while only 8% are familiar with it. This depicts a perfect data illustration of the current state of crypto awareness.

We believe people cannot adopt what they do not understand; it is not only illogical but also imprudent. This explains the reason we are heavy on crypto education at Lovely Finance.

If we can break the problem of ignorance, then Web3 is on its sail to being embraced by everyone. We have mapped out more details and strategies for achieving this goal on our roadmap.