The word decentralisation may not be familiar right now, but soon it will have the potential to change every aspect of our lives
Decentralisation is transferring control of something from an organisation to multiple organisations. For example, decentralised finance (DeFi) removes the fees that the middlemen like banks and financial institutions charge for using their services.
DeFi allows individuals to have more control over their money in a digital wallet which they can use to transfer money worldwide, over the internet. Cryptocurrencies like Gather (GAT) Big Eyes Coin (BIG) and Dogecoin (DOGE) are determined to achieve community-led digital currencies. Their aim is to allow the majority of people to have access to financial banking services that have usually been reserved for a small number of people who work in finance.
Cryptocurrencies Want to Help Millennials Have Fun, Earn Money and Even Find Love
Who said we needed their help anyway? Well, we’ve all heard of the social equivalent of a slap in the face: ghosting. Glamour magazine described this horrifying social phenomenon as ‘nothing short of an epidemic’. A tad extreme, maybe? But, get this, apparently, 72 per cent of Londoners have been ghosted, on average six times each. That’s HUGE. I wish I was one of the lucky 28 per cent who has escaped from it and I’m sure you do too. What if there was a way to end the epidemic of ghosting? Web 3 and blockchain concepts might have the $28.36 billion answer.
The dating industry is a huge market which made a profit of over $12.7 billion and experts are predicting that these numbers increase to $28.36 billion by 2027. It’s clear that there is more than one reason why companies are willing to invest in ways they can enrich our lives.
Could We All Benefit?
How you may ask? Well, Gather is the first Web 3 dating app: an exciting cryptocurrency, that claims its users can ‘swipe, match, earn’. Earning money while you date sounds too good to be true, right? However, they are quite serious, and on their whitepaper, the Gather-token has the ‘potential to change the industry by providing dating opportunities through utility tokens used on the Gather platform.’
To make their users feel safe, they use their rigorous authentication verification system through the Know Your Customer (KYC) process. According to Gather, this means that users will know they are talking to real people and not bots or fake users. According to Statista, online dating alone is predicted to reach US$3.01bn in 2023 and the number of users could increase to a whopping 440.9m users by 2027. I guess there really is plenty of fish in the sea.
One cryptocurrency that really is making sure that there is an abundance of fish is Big Eyes Coin. Using their Visible Charity Wallet, Big Eyes Coin will hold 5% of their Tokens for saving the oceans. Brilliant! The meme currency is also determined to meet its users’ needs: make money and have fun along the way.
This is through their LOOT BOXES which give their users the chance to win up to 5000% on their purchase! Prize draws range from The Saver Tin which is $9.99 and could grant you a maximum prize of $500, their Cute Box is $99 with a maximum prize of $5k, their Kitty Box is $499 with a maximum prize of $25k and lastly, their Super Saiyan Box is $999 with a maximum prize of $100k! WOW!
Fortunately for us, Dogecoin is focussed originally started out as a joke venture between two friends who were playing around with the idea of cryptocurrencies. On their website, Dogecoin has said they want to educate people on cryptocurrency, fundraising, memes and even having fun.
Changing The Way We Date
Here are a few ways community-led organisations could get rid of ghosting and help each other find love.
Decentralised Autonomous Organisations (DAO) could use the same blockchain technology that cryptocurrencies use. Members of the Dating DAO (like dating apps) would agree on community-led social rules and guidelines held in smart contracts. Through this community-led model, the users themselves would have been able to have input into what they would want their digital dating experience to be like.
For example, users could vote on how potential dates would be matched, so instead of just swiping right or left, they could decide to use other user engagement, like how long a person spends reading their profile, as part of the process. Based on the results of these votes, users would be able to test out what works best and then collectively vote on any changes they would like to make.
Whether Web 3 or cryptocurrencies will help the world find love is anyone’s guess. One thing’s for sure, a new decentralised way of life could be the ‘new normal.’
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
