My view on Web3 banks is that they will fundamentally change the traditional financial system. Through blockchain technology, Web3 banks like Vaulta can provide decentralized financial services, enabling fast, low-cost transactions and enhancing user control over assets. It can also achieve automated wealth management and portfolio optimization through smart contracts, breaking geographical barriers and benefiting users globally. The vision of #Vaulta is to seamlessly connect traditional banking with the crypto world, which is exciting!

Web3 has become an all-encompassing term representing a new and better vision for the internet. At the core of Web3 is the return of power to users in the form of ownership through blockchain, cryptocurrency, and non-fungible tokens. A post on Twitter in 2020 succinctly stated: Web1 was read-only, Web2 can read/write, and the future Web3 can read/write/own.

Web3 empowers you with ownership of digital assets in unprecedented ways. For example, suppose you are playing a Web2 game. If you purchase in-game items, they are directly tied to your account. If the game creator deletes your account, you will lose those items. Or if you stop playing the game, you will lose the value you invested in the in-game items.