Hello Educators & Friends!
We hope 2022 is the year of YOU.
We’re excited to bring educators closer to web3 and the Eduverse this year. This week’s issue is all about DeFi, or decentralized finance. DeFi describes all blockchain based financial services that do not require intermediaries (like a bank).
Last year, $247 billion were deposited into DeFi services and nearly
50% of millennial millionaires have 25%+ of their wealth in cryptocurrencies. We are NOT providing financial advice with this newsletter. We are hoping to help you understand DeFi & future trends.
DeFi presents a slew of opportunities for the world because it enables frictionless lending, cross-border payments, micro-transactions, transparent fundraising, better returns on investment, and access to global currency. Imagine if you could receive currency that was not tied to nations but to utility and community value, without any middlemen. 🤯
The question for us of course is, how will DeFi impact education?
Surprisingly, we found very little content on this. While many are talking about micro-credentials and tokenomics in education, the most practical and sensitive topics for school reform- funding & disbursements- are barely discussed. It’s definitely not sexy to ideate about but the opportunity for DeFi to disrupt these systems is massive.
Our hope is that seeing such sparse content for how DeFi can disrupt school models will inspire you to research, hypothesize, & take action.
We wish you a happy, healthy, crypto & web3-wealthy, new year.
Yours,
Vriti & k20 Educators
