What is Web3 ? What is there for you?

Introduction to Web

The web was born in the early 1990s, yet it had not been till around 2006 that the world started to see a substantial shift. That year saw the increase of social media sites like like Facebook and Twitter, transforming exactly how people interact with each other. Then came Bitcoin in 2009, which introduced to the world cryptocurrency, which completely transformed the concept of money and how it was perceived.

Now we’re seeing new innovations like blockchain arising alongside artificial intelligence (AI), Machine Learning (ML), Quantum Computing (QC), and Virtual Realty (VR). These are all component of what is referred to as “Web3.” But what exactly is web3, and does it matter in any way?

What is Web3

Web3 is a decentralized web, where individuals have access to their data and its usage. This is an approach away from the conventional web where individuals don’t regulate their information on online platforms such as Google or Facebook. Web3 has actually been developed to return ownership of the web to its rightful owners, which are the users themselves as opposed to large companies like Google or Facebook who make huge profits selling collected user data to their advertisers. Web3 allows individuals to have more control over their information by providing them the option to choose who uses their data as well as how the data to be used, among other vital details such the duration of holding of their data and so on. This way, the users can access the internet where there is no censorship or central authorities capable of taking away one’s freedom of speech or privacy of own data.

Web3, designed for peer to peer, decentralised distributed network is different from web2 and web1 in many different ways as explained below:

Verifiable– Instead of relying upon a central authority like Wikipedia or an encyclopedia, in web3, info and material can be validated as well as confirmed by many users.

Accessible– As opposed to static and non-interactive content, the web3 can store huge amount of data in distributed network, making it available for retrieval at point of time.

Peer To Peer (P2P)– The element of trust is an essential part of any kind of transaction. In web3, all parties adhere to a certain terms and conditions coded in a contract called smart contract, is stored in blockchain without any need to depend on a 3rd party or an intermediary. By doing so, individuals can negotiate directly with each other (peer to peer) without the need of any intermediary.

Open– Web3 is an open as well as permission-less web. No need to follow any account opening or verification procedure to access any service. In short, there are no shut doors or obstacles that restrict customers from accessing anything within web3.

Self-governance– The web3 permits the production of smart agreements as well as self-governing systems that run separately. This makes it possible to have a complete ecosystem built on automation and artificial intelligence without systematized control or human treatment.

Why Is Web3 So Special?

Web3 no doubt is transformational. The web applications that we currently use are centralized and highly insecure and favours the application providers not the end user. As an example, the social media site you use, even though gives you the access to its application free, sells your personal data to its advertisers at a price that it decides without sharing any profit of its profit with you. It also has the final authority to decide the content of your post and what you could and could not post on your social media profile. A handful of companies are reaping huge rewards at the cost of the ordinary people, the users of these services.

Web3 embraces decentralized systems like blockchain, which is getting much more appeal due to its capacity to secure customer privacy while sustaining an ecological community where anybody can conveniently create new applications. This means that developers can conveniently build new decentralized applications (DAPP) or various other software applications on blockchain and immediately have access to attributes like payments using cryptocurrency, which is a considerable accomplishment in decentralization.

The possible advantages are incredible and might basically transform exactly how we consider online services such as social media, data storage, banking, gaming and every other services currently available in Web2.

Web3 and Cryptocurrency

As discussed earlier, Web3 is a term utilized to describe the decentralised network in internet. And this decentralization is possible by blockchain technology. Bitcoin and all other cryptocurrencies use the same blockchain technology that will be powering the entire Web3. As a matter of fact, blockchain technology was first used in Bitcoin by Satoshi Nakamoto, the founder of Bitcoin. Hence, Bitcoin and various other cryptocurrencies like it belong to what’s referred to as Web3 (or “Web Token”) today.

Though the concept of blockchain is yet to be entered the mainstream, not many people know that any individual can access the blockchain through their internet browser with no third-party involvement. Web browsers like Brave, has been designed for Web3, enabling the users not only complete privacy but also compensates the users based on their time spent to watch the advertisements. The browser also integrates crypto wallet into it so that the user keeps his own money instead of a bank. This suggests that customers can own as well as regulate their coins in a manner that they wouldn’t have been able to with typical web applications.

In the world of Decentralized Finance (DeFi), blockchain is utilized to create and store the P2P agreements called Smart Contract, which are performed via cryptography as opposed to any kind of main authority. This can be seen as another variation of web3, because it has even more advantages such as transparency, security, as well as effectiveness within the network, avoiding censorship and enabling more equitable distribution of wealth within the peers.

How Is web3 Assisting Decentralized Finance (DeFi)?

Web3 has actually been seen sustaining the growth of DeFi. DeFi is the natural advancement of conventional financing applications to modern blockchain enabled DApps (Decentralized Applications), which helps increase transparency and also protection with cryptography based procedures that protect against any kind of form of censorship or meddling by 3rd parties. Through DeFi, individuals can borrow money or buy insurance policy on the blockchain without help from the federal government or financial institutions.

As an example, UniSwap the largest decentralized exchange (DEX) offers its protocol to its customers where they have absolute control over their funds while trading, since the platform doesn’t hold customers’ funds. This way, there is no danger of shedding anything given that all transactions are stored on Ethereum’s blockchain, and it can only be accessed with a personal key that you alone know.

What Does This Mean for Developers?

For programmers aiming to build decentralized applications (DApps), web3 brings a huge opportunity. The programming language that these DApps are built with is called Solidity. Solidity programming language is built for Ethereum Virtual Machine (EVM) and could easily be learnt by developers that are already accustomed to Python, Javascript, or C++. By doing this, they can quickly discover just how to develop decentralized apps without having to start from scratch.

What Is the Future of Web3?

The future of web3 is bright, as well as it has the potential to transform the means we engage with each other online. This means that developers can build blockchain based applications which could be made use of for virtually anything such as social media, file storage, or even something much more complicated like a decentralized variation of Uber where vehicle drivers pay their compensation cost as opposed to the system taking a cut of their incomes.

The future of web3 and also decentralized applications (DApps) still uncertain. However, we can be certain that there will certainly be significant demand in the future for decentralized applications as both individuals and governments are becoming increasingly wary of personal data security and cybercrimes. People are becoming more and more aware of polarization of wealth with a handful of companies.

Web3 is not the future but the present. A record $30 Billion poured into crypto in 2021 (Fortune.com). Solidity, the programming language used for smart contracts has become one of the highest paid skillsets in IT industry. So, it’s the best time to get involved in the industry to reap the early rewards.

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5 Tips To Avoid Work From Home (WFH) Burnout

With Pandemic creating havoc all around the world, more than half of the world’s working class people are working from home (WFH). The acronym WFH is being used quite widely now, by businesses and business journals.

The initial jubilation of employees on being asked to work from home on a long term basis, short lived. Even though, you don’t have to wake up early to commute to work, WFH has its own challenges. More and more people are reporting heightened stress and anxiety and complete burnout at the end of their day’s work.

In the attempt to show their productivity to the senior management, staff are working long hours. Juggling work with household chores and kids at home, has been quite challenging for most parents.

So, what could be done? How can you maintain a good mental health, while being productive at work? How to maintain the boundaries between work and family?

These are a 5 tips to enjoy your WFH while being super productive.

1- Dedicated workspace

Its always better to have a dedicated desk for your work, ideally at a quiet place (away from distractions) with ample of sun light. Better to keep the desk tidy without any clutter. Ideally you should have an ergonomic chair, which helps to keep your spine straight avoiding back and neck pain.

2- Time Blocking: stick to your original working hours

Even if you have more time now, as you avoid the commute time to work, its very important to stick to your original working hours (9–5). Having more time should not mean working more hours, unless you are required to. It is a well known fact that working long hours is detrimental to your productivity. As per one study done by Harvard Business Review, one individual is most productive for only 3 hours out of his 8–10 working hours. So, its better to log-in and log-off at the required time. If you are a leader of a team, you should encourage the same within the team members, so that everyone is more happy and productive.

Another quick tip here is- Time blocking will definitely help. Blocking your calendar for lunch or break, reduces your urge to go and check that email even when you are having a coffee or putting cloths into the washing machine.

3- Your extra time — Rejuvenate your mind

Now that you have extra time in your hand, you could read a book, meditate, play with your dog, go for a jog or help your kids with their homework which you always struggled to find the time for before. You could even play your favourite video game, as research shows playing video games activates your brain, which may help you to be more productive.

4- Breaks (What about social breaks?)

Taking regular breaks is another best way to be more relaxed and productive. A 5 minute coffee break or a walk in the garden instantly increases the productivity. How about a virtual coffee break with your colleagues ? More and more organizations are adopting the culture of virtual coffee breaks to give their staff a chance to interact with others virtually. Speaking to someone does reduce the stress level and boost productivity.

5- Planning your next day

Before you log-off, it definitely helps to plan your next day and to write down your action plans or tasks. This helps you in keeping you mind calm, as you would know the following day, one day in advance and prepare accordingly and you won’t run to your morning meeting in panic.

In conclusion, I would say working from is a bliss when you know how to manage your time between personal and official works. Happy WFH 🙂

Hack Your Mind To Take Massive Action

Has it ever occurred to you that you know what to do to take the next big step for your future success but you don’t take any action? You keep talking to yourself that you are not ready yet, and need more time or more knowledge or you need to wait for the right time…the list goes on and on.

Procrastination is the major dream killer of so many entrepreneurs. So, why don’t we take action? Let’s try to understand, the brain. It’s called the Action Triangle.

Our brain does not send the signal for us to work, until it believes that the action will produce the result. But if you don’t take action, there won’t be any result. So, this is kind of a vicious circle, which I call it as “ The action Triangle”.

So, how do we get our brain and it’s billions of neurons to send the signal for our body to take action when we don’t have any result to show for? How do we take action to pick up the phone to make that call or start designing your website for your e-commerce business or start your workout routine without seeing the success?

Brain & Body Link

The trick here is- Our brain can’t differentiate between the actual happened incident and vividly imagined incident. A case study of three groups of basket ball players is worth mentioning here to understand the brain and action link.

For this study, three small groups of basket ball players were selected. The first group were asked to practice for few hours every day shooting the ball into the basket. The 2nd group were asked to only visualize the shooting of the ball into the basket without any physical practice and the third group were not asked to take any mental or physical action.

After a week, all the three groups were asked to perform to take a test. It was to everyone’s surprise, the the group which practiced mentally (Visualized) scored the highest even though they physically didn’t practice during the week. The group which practiced physically, scored the second followed by the group who didn’t practice at all. This test reveals, that even though, they never physically practiced, while practicing in their mind, they scored every time they shot the ball, with 100% success. Where as, the team who practiced physically, didn’t have 100% success in the practice session which reflected in their day of the test.

Our brain can’t differentiate what has been performed physically or mentally, as it understands impressions which may come from mind or body

The Mind Hack

To get the brain to send the signal to take action- We just have to vividly imagine the action and result, as if its has already happened. The more sensory organs we involve in this imagination process, the more vivid the imagination gets. The more vivid, the imagination is, the more action the brain is triggered to take.

So, these are the steps to follow as a routine, repeatedly multiple number of times in a day, to trigger the brain to take action.

Meditation

1- Close your eyes and relax every part of your body

2- See your self already accomplished the success.

3- Feel the success. This is quite important. Feeling involves emotion, jubilation, enthusiasm, pride, happiness etc

4- See your self taking massive action and go back to visualize the success.

5- Do it multiple times a day. Especially before going to sleep and after waking up.

6- While meditating, speak loudly and in affirmation your goal and end result as if it has already happened.

7- Keep a pen and paper near you to note down any points that come to you during this meditation.

The above method will work for anything you want to accomplish. May it reducing weight, increase sales, having a dream job or having a better relationship with anyone.

https://link.medium.com/veGgCnrEN9

What Drives You ? Vision or Pleasure ?

Recently, I was having a chat with a friend about starting a business venture. He mentioned to me that, we should be enjoying our life and live for today and not to think about tomorrow, as you don’t know whether you will be alive tomorrow or not. This got me to think, he has a point. Should we not enjoy our life today. Who has seen the future ?

When the legendary Billionaire entrepreneur and visionary Elon Musk invested all his $180 Million to start Space X, Tesla Motors and The Boring Company, I am sure all his friends and family members and others must be thinking “What an idiot !!”. How does he even think about starting a company for space exploration and space travel without being an astronaut or without any education or experience in space science. How will this new company have the finances and resources to come even closer to the 60 year old public funded juggernaut called NASA, let alone compete with it?…. The same story goes for Tesla. When automobile giants like GM, Toyota, BMW were rolling out not so successful hybrid cars, Elon envisioned all electric car company called Tesla. And no one thought it would be a success.

When Mr Musk risked all his money in starting these companies, without even having the money for his own accommodation, most of us would have thought him as dumb. He could have invested the money in real estate or in stocks of some established companies and see the money grow and enjoy the rest of his life with the return on his investment. Why did he choose to risk it all ? I guess, you would also agree that, he didn’t start these companies with vision to be one of the world’s wealthiest persons, one day. He could have lost his entire investment and had to start something again from scratch. (FYI: He is now the 5th richest person in the world as per Forbes Rich List July 2020).

So, what is that drives these visionaries ? What makes them to sacrifice their present, for an uncertain future? While ordinary people like me and you, always look for a safe and secure future and look forward to our weekend parties and time with our family, what moves people like Musk?

Should you sacrifice your today for tomorrow which may not be certain?- I guess it depends on your dream. Do you have a dream or a vision which is much bigger than your personal enjoyment and satisfaction ? I remember the famous quote by late Indian aerospace scientist and president Dr APJ Abdul Kalam “DREAM is not what you see in sleep, DREAM is something which doesn’t let you sleep”.

When you study successful people from any Sphere of life, may it be entrepreneurs, athletes, scientists, authors, painters, inventors- All of them had a vision. They get possessed with an idea or a dream. They could see the future before it manifested physically. And they have an insatiable desire to accomplish their dreams. Walt Disney saw in his imagination a theme park for family to have fun together, before world could see the Disneyland in 1955.

The human as a species as opposed to other species survived and evolved in the last few million years, not because of of their physical strength but because of their ability to think and adapt. I guess, when we live everyday only for pleasure, without any desire and ambition, we are just like any other animals living for survival (food/safety) and procreation. I, strongly believe that we have been sent to this world, for a purpose. And the purpose is to make this world better, in our small little way or in a big way while we are in this world.

Tony Robbins says we do things to avoid pain or to gain pleasure. So what drives these legends? It’s definitely the pleasure or the happiness. There is a small difference between pleasure and happiness. Pleasure is self-centred and happiness is what you gain when you positively touch multiple lives. When you cook a special dish and enjoy it with your family, you gain the pleasure of having a tasty food together with your family. But when someone like Colonel Sanders takes his chicken recipe to the world and let millions of people around the world taste the crispy fried chicken, he gains the real happiness, and of course you may end up finding a multi-billion dollar company like KFC.

So, is it boring pursuing your dream? Is it quite a monotonous life pursuing your dream when you are so focussed on your dream that you don’t have time to enjoy the present? I would say, it’s completely OPPOSITE. When you have a dream to accomplish, you are full of excitement and enthusiasm. It feels like you are immersed in the dream. You finish your day working on your dream, and while sleeping you think about your dream and you can’t wait to wake up in the morning and start working on your dream. You are just like a kid with a new toy, who gets so possessed with the new toy that even after a whole day’s play with the toy, he gets up excited the next day, to look for the toy the first thing in the morning.

Deep within all of us is a desire to be more successful. And SUCCESS as per Earl Nightingale is the progressive realization of a worthy goal. So, all of us should have big goals and strive everyday to get closer to the goal. And that is where the real happiness lies.

8 Secrets of 7-Figure Network Marketers

Network marketing or Multi-Level Marketing (MLM) is one of the most powerful business models where anyone with an ambition to succeed and willingness to work hard, could get started and gradually build a substantially huge business. However, making a SIX or SEVEN figure income a year is not very common in the industry, though its possible by anyone. So, what differentiates these high-income earners from others? Everyone sees their accomplishments, but no one sees what goes in their minds and efforts. After being in the industry for more than a decade and analysing the highly successful and unsuccessful people in the industry very closely, I came up with the below EIGHT traits of SEVEN FIGURE income earners.

1. Belief: The people who become hugely successful in network marketing have very high level of belief in the business. And this is contagious and attracts others to join him in the business. 
2. The WHY: Successful network marketers have their “WHY” clear from the very beginning. When entrepreneurs like Jeff Bezos (Amazon), Bill Gates (Microsoft), Travis Kalanick (Uber) get excited about an idea or an opportunity (A problem that could be solved), successful MLM entrepreneurs may not be driven by an idea but by a lifestyle. These solopreneurs see the business as a vehicle to change their lifestyle. The lifestyle may be represented by more time, may be an escape from rat race, may be financial freedom.
3. Dominant Thought: Successful entrepreneurs think, talk and breathe the business. Their dominant thought is the business. Everything in their lives revolves around the business and business becomes the center of their lives. Many atimes people call them BRAIN WASHED.
4. Single Minded: These Seven figure income earners don’t usually have any back door open. They burn their bridges and get focused on only one mission.
5. Planning: The people who becomes successful in any endeavors of life seem to be very good in planning. And successful network marketers are no different. They have long term, and also short-term goals. They set goals and plans to accomplish those.
6. Massive action: Fuelled by the dominant thought about the business, these entrepreneurs take massive actions. As business is the centre of their lives, they get really busy paying the price with their eyes fixated on the destination.
7. Mentorship: These highly motivated entrepreneurs have insatiable hunger for knowledge to grow themselves and their businesses. They seek out mentor ship from other successful individuals by listening, associating with them and reading different personally development books.
8. People focussed: The business building activities in Network Marketing involves Retailing and Networking. Retailing involves products and Networking involves people. These highly successful entrepreneurs spend most of their business time in empowering and helping people (Finding and developing leaders). They may not be expert inproducts.

Knowing about all the above traits, the question comes to mind- Can I, as an MLM entrepreneur develop these qualities? The answer is YES. As a matter of fact, not all the high-income network marketers had all the traits within themselves when they started the business. As they started building their businesses, they slowly developed few other qualities.

How to grow the above qualities? It’s important to understand here that the beliefs that we currently have and the way we think is due to how and what we experienced (perceived through five senses) until now. Every child is born with a mind like a BLANK sheet of paper. And as we grow older, the blank sheet is written with what we- see, hear, feel, taste and smell. And from here the character, belief, values and thought process are formed. Some call it “WIRING” of the brain, and some call it “SUBCONSCIOUS MIND”.

Any new qualities or traits can be developed just like the old ones but in a short span of time, by embedding directly into the subconscious mind and by disciplining the conscious mind to identify and stop negative thoughts and practicing new thoughts.

So, at conscious mind level the below can be practiced.

1. Practice consciousness meditation everyday
2. Identify and kill negative thoughts as they come in
3. Practice positive self-talk, listen to positive people/talk
4. Read positive and inspirational books/articles
5. Network and associate with positive people

At subconscious mind level, the below can be practiced.

1. Mediate to reach Alpha state of mind (To reach subconscious mind)
2. Visualize your dreams as if you have already achieved those

Some powerful books to read about mind and its programming are

The Power of Your Subconscious Mind by Joseph Murphy, Think and Grow Rich by Napoleon Hill, Phycho- Cybernetics by Maxwell Maltz , Awaken the Giant Within by Tony Robbins, What to Say When You Talk to Yourself by Shad Helmstetter.

NOTE: It’s very important to mention here, that there are a lot of companies in Network Marketing industry. You should look at the company’s age, history (Very important), stability and product range before joining one. If you want to learn and be involved in the exciting business of Network Marketing, you could schedule a FREE 30 mins call with us.

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Have You Put All Your Eggs In One Basket ?

Why Our Education System Sucks ?

The Education system never changed since Industrial Revolution !!!

Why our colleges and Universities teach us all the techniques and skills to work for someone else or to be self-employed. Why don’t they teach Entrepreneurship ? Why don’t they teach about wealth creation ? Why are we never taught about the success principles of life such as Dream, Law of Attraction, Power of Mentorship, failures as stepping stone for success ? Why do we see the Founders of major enterprises probably never went to Universities or even if they did, they dropped out to start their businesses.

This old way of education, which was developed to churn out hundreds of workers to work in factories and industries around the world, still persists. Our education system teaches everyone the SAME syllabus irrespective of the fact that each of us is born unique with our own strength and weakness.

If you haven’t already, please watch this video. An absolute master piece and thought provoking.

Do you also believe that you would have a more fulfilling career and life if you would have been taught and grown in an environment where you are not judged by how good is your English or Maths is, but you are encouraged and appreciated by the qualities that you have and what you could become ?