A decentralized application (Dapp) is a software application built on a blockchain network and operates using decentralized protocols. This means that the code is open source and available for anyone to view, audit, and verify. It is owned by the community rather than a centralized company or individual.
Dapps allow users to access the capabilities of Web3, a decentralized internet that allows users to interact with applications without needing a unique username or password. Instead, users connect their wallet to the dapp.
There are many different categories of dapps, including NFT marketplaces, DeFi dapps, decentralized exchanges (DEXs), gaming dapps, social dapps, and crypto tool dapps.
NFT marketplaces allow users to buy, sell, mint, and create NFTs.
DeFi dapps allow users to access decentralized financial applications to perform activities like borrowing and lending crypto.
DEXs allow users to trade cryptocurrencies peer to peer.
Gaming dapps allow users to claim ownership over the characters, items, and experiences within the gamesthey play.
Social dapps allow users to monetize their communities and reward creators who create valuable content.
Crypto tool dapps allow users to perform various actions like tracking the performance of their investments or the rarity of their NFTs.
