Profitable Business Ideas for the Next 10 Years | Crypto, Blockchain

hey guys welcome to silicon valley girl i am super excited about this video because i am super excited about what's happening in the world with web30 blockchain nfts and crypto so if you are thinking of starting a business that has a good chance of taking over the world in the next 10 years continue watching this video just think about this 106 million people around the world use cryptocurrencies 46 million americans use cryptocurrencies 13 bought or traded crypto in the past 12 months compare this to 24 buying or trading stocks institutional investors now hold over 70 billion dollars worth of crypto and if we think about bigger companies like tesla square they have some of their assets in bitcoin the thing is two or three years ago when everybody was hyped about bitcoin i was really skeptical i was like okay i don't see why is it going to stay maybe it's just another hype this time i think it's serious and you might disagree but it seems like there are too many institutions too many people holding on to crypto and there is just so much innovation going on with web30 and i'm going to explain in a minute what this is so i think blockchain is here to stay and this technology is something that is really transforming our world and it looks super exciting in this video we're gonna look at different markets and how they're currently being transformed with the help of blockchain and uh because there are so many people holding crypto because there are so many people coding bitcoin they're already consumers on this market uh there are already companies that are started every single day and if you want to take part in this movement watch this video up to the very end i am hoping that i would inspire you with some ideas okay let's do some basic explanation first of all when we talk about bitcoin it is a currency so basically you can buy stuff in exchange for bitcoin but there is something a bit more exciting happening in the network called ethereum because here ether is actually a smart contract and when you think about it like think about the way lending works right now so here's the bank here is a contract that you sign with the bank and this is you taking money from the bank you take a loan a hundred bucks and then you have to return say 105 bucks in a year the way it works right now everything is in the contract and you have to manually transfer money to the bank if something happens a bank takes you to court or whatever collectors and then you manually go through the contract and the judge decides who takes what blockchain makes it a lot easier when we talk about a smart contract there is you there is i know somebody else or an institution uh that you're borrowing money from dollars or bitcoin whatever so when you take a loan there's already a contract established that would automatically take money from your wallet give it back to the institution so basically there is no intermediary so everything happens fast and automatically let me talk a little about web30 because a lot of people are excited about it and by no means i'm an expert in here um i'm just explaining the way i understand things and again to me it looks pretty exciting now what is web30 web one zero is a world where you just had random websites like think yellow pages you had a website for stanford you had a website for a club whatever web 2.0 is where we are right now mostly most of the world social networks user generated content marketplaces all of these like airbnb for something uber for something and the problem with web20 is there is censorship um social networks they own the data like as a creator i don't really know who's following me say on instagram i kind of know if i just uh explore somebody else's profile but if i wanted to see like how many developers from silicon valley are following me i won't be able to do that because again a social network owns all the content so you can really access it in web30 you own your data there are already projects evolving where your creator but then you know everyone who's following you and another thing that is happening in web30 you don't need intermediaries remember smart contracts so basically if we think about airbnb when you book an apartment on airbnb airbnb first of all it helps you discover apartments but it also helps you with insurance like if you come to this place and it's crashed you call airbnb and tell them like hey this listing is not valid in web30 when you rent this home you rent it through a contract through a smart contract or whatever and you can actually see who already stayed in this house you can see all the reviews because there is no way you can fake this information on web30 everything is transparent and in this way you don't really need an intermediary you don't need a regulator to tell you that oh you have to transfer money to this person because if you owe somebody something it all happens automatically so we're entering the world where everything is regulated by smart contracts where we don't need intermediaries might be scary but i also think it opens up a lot of opportunities that we're going to talk about right now we're going to talk about industries that are being transformed with this whole web30 blockchain thing let's dig into it you might say marina but what if everything crashes what if the market crashes again like it did a couple years ago the thing is i like to look at our history and make parallels when we talk about the internet as we know it today web 2.0 a lot of companies started in 1994 1995 and then early 2000s everything crashed there was this dot-com crash but the thing is the companies that survive the dot-com crash amazon ebay they are at the top of the world with the highest valuations right now and if you believe that web30 is here to stay right now is the best chance to start a company and believe in your idea in a way that you will be able to continue going continue working on it even if everything crashes because there is a big chance it's going to blow up after that market number one that is already being transformed uh by blockchain is actually real estate one of my friends started a company called proppy which is real estate and blockchain so what they did is actually really cool one of the things that they've done is actually turn an apartment into an nft and nft is non-fungible token think of it as a contract to own an apartment the ownership of an nft can be verified online it's an open information and uh we've heard a lot about nfts as crypto punks that people buy for hundreds of thousands of dollars and the value there is the image itself and also belonging to a club but here the value of nft is actually owning the apartment so the nft is the smart contract to own a real piece of real estate and they're doing a lot more so they are helping you save on fees i think they help you save one to two percent on the closing cost because they're using blockchain because they're using smart contracts so rea