2021 was no less than a signature year for crypto enthusiasts. At one end, where DeFi & NFT hacks were making headlines, on the other end, crypto regulations, Ethereum 2.0, DeFi 2.0, and DAOs have also been the talk of the town. This report is a small contribution to spread awareness and prepare budding DeFi & NFT projects to stand safe against potential hacks. In addition, there are a few predictions for the current year - 2022 to help organizations shift from Web2.0 to Web3.0.