# MONOCERUS

In the last three years, <mark style="color:blue;">Web 3.0 and Blockchain</mark> technology has rapidly penetrated various fields, especially in the field of finance with the start of the <mark style="color:blue;">2020 DeFi Summer</mark>. The multiple benefits far exceeding the returns from traditional finance attracted many investors to invest their capital until finally reaching <mark style="color:blue;">44 billion dollars</mark> (based on defillama.com) accumulated across all blockchain protocols, in various types of Web 3.0 financial applications (DeFi)

The largest contribution to the total pool came from the DeFi application in type of <mark style="color:blue;">Decentralized Exchange (DEX) : 15 billion dollars.</mark> DEX bring benefits to investors through a liquidity mining program where investor contributions to increase exchange liquidity will get returns from each swap transaction, and even more benefits will be given by the platform if the liquidity is locked for a certain period of time.

Following the successful application of Web 3.0 in the field of finance, the application of blockchain has become popular in other fields, namely the tokenization of a unique digital asset called <mark style="color:blue;">NFT (Non-Fungible Token).</mark> Blockchain technology is applied for validating ownership of unique digital assets, namely by using public keys and private keys which facilitate a safe, instant and location-free buying and selling process. this makes the trading volume of NFTs start increasing in 2021 and reach a peak in early 2022 with total trades reaching <mark style="color:blue;">4.75 billion dollars</mark>.

On the one hand, DEX are applications that provide many <mark style="color:blue;">real-life uses</mark>, namely providing convenience in crypto exchange, but most of these DEXes have <mark style="color:blue;">complicated User Interfaces and are not user-friendly</mark> for novice users. This can be difficult for users who are not experienced with blockchain technology.

On the other hand, NFTs are blockchain applications that are <mark style="color:blue;">fun in User Experience</mark> due to creative, unique and attractive designs, but the asset value is <mark style="color:blue;">speculative</mark> as it is often determined by factors such as popularity/trend, rarity, associated artists/creators, and market demand . <mark style="color:blue;">The use of NFT is still limited</mark> mainly to the world of digital art and virtual goods, it still needs further development to extend the use of NFT to other sectors of the economy and real life

In terms of the demographics of adopting Web 3.0 and Blockchain technology, <mark style="color:blue;">72% of crypto owners</mark> around the world are <mark style="color:blue;">under 34 years old</mark> (centennial & millennial) based on research from <https://triple-a.io/crypto-ownership-data/>, and that is a fairly the same wide age range for majority of <mark style="color:blue;">Gamers</mark> based on <https://explodingtopics.com/blog/number-of-gamers#gamer-demographics>

Project Monocerus is here to combine the three by utilizing Web3.0 technology and orchestrating it to present <mark style="color:blue;">**High-yield DeFi Application in an exciting user experience through NFT & MMORPG**</mark>