Our fifth offline event!

Flaq conducted its fifth offline educational event in collaboration with the Data Science Club at Dayanand Sagar College of Engineering, Bengaluru, on the 10th of February, 2023! 🚀

Flaq set a new benchmark for itself, for the event witnessed 150+ students from the Data Science Club at Dayanand Sagar College of Engineering! Surprisingly, only a few of the 150+ students had even heard about the term 'web3' before, necessitating the need to bring web3 education to the masses even more firmly!

Proceeding on this understanding, Ashwin, the co-founder of Flaq, elaborated on the birth of the internet that can be attributed to ARPANET during the cold war—followed by the advent of the web at the hands of Tim Berners Lee! Fun fact - most people didn't know who Tim Berners Lee was! 🤑The gradual evolution from a read-only web in web1 to the read-write web in web2 to the read-write-own web in web3 was explained by Ashwin with many relatable examples as Amazon, Yahoo, Instagram, Snapchat, etc. We talked about the Mosaic browser, the first-ever Twitter post, Steve Jobs, and more! 📱This was followed by a discussion on the flaws that web2 brings with it, with many examples to explain the web2 audience, such as the PRISM program, Instagram ad algorithm, Turkey's ban on Wikipedia, TikTok ban, The Social Dilemma movie, the Zuckerberg monopoly, and so much more!

The web3 changes revolving around making money a native feature of the internet, decentralized applications, and digital identities were then elaborated on to the audience. The benefits of a decentralized storage system were elaborated upon to explain that web3 solves the issues around data loss. This was followed by a discussion on the myths that surround cryptocurrencies by Sarthak and Muaaz. Some of the audience's myths were that all cryptos are the same, high returns are likely, and there are no green cryptos! We busted all of these myths and more! We relied on reports by the IMF, Forbes, Deloitte, etc. We informed them of interesting facts such as India's launch of the digital rupee, El Salvador's legalization of crypto, the carbon negativity of Algorand and carbon neutrality of NEAR, as well as the fact that Gucci, Starbucks, Microsoft, etc., now accept payments in crypto in the US! 🥳
Ending the event on a fun note with a couple more questions from us and the audience; we took some pictures and got to know a lil more about each other's backgrounds!