Decentralized Finance (DeFi) How Can NFTs Be Used in DeFi? Difference Between NFT and DeFi

Decentralized finance (DeFi) is a financial system that runs on a decentralized network of computers rather than a single server. DeFi is an emerging digital financial infrastructure that theoretically eliminates the need for a central bank or government agency to approve financial transactions.

Many DeFi projects are now adopting NFT for its ability to store value and serve as immutable proof of ownership. In its turn, DeFi helps to unlock this value and perform all kinds of operations with tokenized assets. These two technologies are mutually beneficial and open new possibilities in the financial domain. Keeping all these concepts under consdiration, we’ve made this video to explain what is Decentralized Finance? How Can NFTs Be Used in DeFi? Also, we’ll try out best to explain the difference between NFT and DeFi.

#DecentralizedFinance
#DeFi
#CryptoReports

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