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Web 3.0 in the crypto space offers potential to earn life-changing profits within an open and permissionless financial network. However, it also comes with risks, as defy hacks have resulted in over $2 billion in losses in 2022. This video teaches how to profit from this trend by hacking smart contracts, with a cautionary note that it may not be what viewers expect. Gregory, the channel host, offers to turn viewers into blockchain masters and suggests visiting dabuniversity.com/bootcamp for in-depth learning.