Live Web3 Applications are active decentralized applications (DApps) running on blockchain networks and accessible to users. These apps may consist of DeFi platforms, NFT marketplaces, and decentralized social networks, demonstrating live interactions with smart contracts and blockchain information. Live Web3 applications provide users with visibility, protection, and a smooth experience within a decentralized environment.
Live Web3 applications in the DeFi (Decentralized Finance) space include platforms where users can lend, borrow, stake, and yield farm. These are apps that use smart contracts to automate financial transactions to work in a secure and trustless way while avoiding an intermediary. For example, a user can deposit cryptocurrencies into a lending protocol, and earn interest in real-time, with all transactions recorded immutably on the blockchain.
Another live Web3 application is NFT Marketplaces where users can create mint, trade, and show digital assets like art, music, and collectibles. These platforms directly interact with the blockchain to confirm ownership, carry out transactions, and deliver transparent ledgers of NFT assets. Users have up-to-date access to marketplace activity and their personal portfolios thanks to live interactions.
Decentralized social networks are also live Web3 applications, where users own their data and identity. Using blockchain, these platforms provide data ownership, censorship resistance, and secure content sharing, as an alternative to the traditional, centralized social media networks.
Crypto Wallet Integration is integral to the functionality of live Web3 applications as it allows users to connect their wallets (MetaMask or Wallet Connect) to interact with the application. With this integration area, users can securely and conveniently sign transactions, manage tokens, participate in blockchain activities, and more.