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Web 3.0 in the crypto space offers opportunities to earn life-changing money through the open, permissionless financial ecosystem, but also comes with risks, as over $2 billion has been lost in DeFi hacks in 2022. The video discusses how to profit from this trend by hacking smart contracts. The presenter, Gregory, offers to turn viewers into blockchain masters and provides a step-by-step boot camp on dabuniversity.com. The focus is on making money by hacking smart contracts, with a warning that it may not be as straightforward as expected.