What Are Web 3 Loans and How Do They Work?
Web 3 loans are loans that are accessed and managed through a blockchain-powered platform. They are typically used to fund projects, such as new businesses or investments.
Web 3 loans work in a similar way to traditional loans. Borrowers apply for a loan by providing the necessary information and documents, such as income statements and credit reports. The lender then assesses the information and determines whether or not to approve the...