The proliferation of novel technologies such as Web3.0, Blockchain, Smart Contracts, and Cryptocurrency has resulted in a burgeoning interest in the concept of Decentralized Finance (DeFi). DeFi represents a transformation in financial instruments that diverges dramatically from traditional financial systems that rely on centralized platforms governed by government entities and various intermediaries. Instead, DeFi is predicated on a protocol that operates on a decentralized infrastructure facilitated by Blockchain, particularly Ethereum. This decentralization permits software developers to create bespoke, high-performance, and secure financial platforms that are universally available to anyone with an internet connection and a computing device. DeFi’s intrinsic value is predicated on its ability to empower millions of individuals worldwide who lack access to conventional financial systems (over 1.7 billion people globally are unbanked for various reasons) to control their finances and engage in transactions with anyone. This decentralized framework ensures equal access and unprecedented economic growth while simultaneously addressing concerns such as centralized control, restricted access, inefficiencies, lack of interoperability, and obscurity.

The World Wide Web as the largest global information media through which user can share, read, and writes data through computers connected with internet. In last few years, internet has had much progress from web1.0 to web 3.0. The first iteration of the web or web 1.0, also known as the Classic Web, arrived in 1991. Web1.0 was all about connecting and getting information on the net. Then came web 2.0, enabling users to read as well as create and deliver content. Due to the read and write functionalities of web 2.0, there was an immense growth in the on the internet, specially in social media alongside Ecommerce. Web3.0 is generally regarded as the emergence of the semantic web, where computer will generating and thinking new information rather than humans. Using artificial intelligence and machine learning technologies, users will be able to interact with data. The Metaverse is the future iteration of the internet. It will combines multiple different virtual spaces that provides access to a diverse variety of entertainment and projects utilizing the full range of augmented reality.