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FinTech brought technological innovation to many financial activities, including banking, insurance, trading, asset management, etc. It leveraged cloud computing, application programming interfaces, big data, and artificial intelligence, making financial services instantly available on any device. With the rise of Fintech, it has drastically changed and become unprecedentedly innovative. The rise of FinTech has been increased attention to inefficiencies, structural inequalities, and hidden risks of the intermediated financial system. We have Web3 technology as a solution to all old-school challenges and offer a better reality.