The most recent crypto market surge attracted billions of dollars, funding the development of a ubiquitous, resilient global decentralized network. Startup investors poured a staggering $94 billion into emerging web3 ecosystem companies. However, the industry became engulfed in excessive hype and speculative fervor, leading to several market failures and bankruptcies, casting doubts about the industry's future prospects. Regardless, transformative technological and financial innovations such as blockchains, tokens, smart contracts, wallets, etc., have facilitated peer-to-peer transactions, trading, transparency, and instant atomic settlement, providing substantial benefits across the global economy. The gamut of financial innovation has unlocked new opportunities previously unattainable using traditional platforms.