Dan Schatt and Domenic Carosa’s new firm Earnity is developing a platform that allows users worldwide to get started on crypto by offering secure, educational, and community-like services. Decentralized finance or DeFi is a breakthrough way to transact, consisting of several financial applications that run on the blockchain. It can provide users with new possibilities and opportunities with just a few taps on their smartphones or computers. Without the interference of financial authorities, one just needs to set up their digital assets to get started.
Since DeFi operates within the blockchain, users get into a “smart contract” when they want to make a transaction. This self-executing agreement uses the blockchain ledger to enable two anonymous parties to trade and do business without requiring a third party. One can also look up the history or the information about a digital product. This setup is more convenient than traditional finance, especially for those who cannot apply for traditional financial services. It’s a way to manage money more safely and efficiently than ever before.
Established by Dan Schatt and Domenic Carosa, Earnity is a platform designed to bridge traditional finance with DeFi by developing various opportunities for users all over the world. Earnity also aims to make building digital assets easy for crypto users of all levels. The team, comprised of fintech veterans and experts, is working toward ushering the growth of crypto use by bringing the best of the internet into the app. This move will make users’ move to crypto as easy as possible.
Acknowledging that the use of crypto and DeFi is bound to get more widespread, Earnity aims to help enthusiasts find their audiences by educating them with products such as non-fungible tokens (NFTs) and other processes. Instead of dealing with long and complex steps, the goal is to make crypto accessible and easy to use for everyone.