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πŸ‘©β€πŸ’» #Decentralized #Finance – a #protocol-based financial system

🏦 #DeFi refers to #digital #asset and financial smart contracts, protocols, and decentralized applications (#dApps) developed primarily on the #Ethereum #Blockchain. In simpler terms, it is financial software built on blockchain technology that can be combined as individual components like #Lego bricks

https://veniceswap.com/news/decentralized-finance-a-protocol-based-financial-system/
🏦 #DeFi #protocols: These industries are already relying on #decentralized #financial #applications in 2022

πŸ–² From #payments to #asset #management and even #dataprotection, DeFi solutions can already be found in many industries. In the new decade that has just dawned, the global financial system is poised for major changes. At the forefront, decentralized #finance protocols are likely to play an important role.

https://medium.com/veniceswap/defi-protocols-these-industries-are-already-relying-on-decentralized-financial-applications-in-b519c68c4ff3
🏦 What is #asset #tokenization and how does it work?

πŸ‘©β€πŸ« In the #crypto ecosystem, new disruptive proposals aimed at improving the features and functionalities of #blockchain technology are emerging every day.

https://medium.com/enkronos/what-is-asset-tokenization-and-how-does-it-work-bdccc1d32dde
🟠 What is #DEX that Challenges the Traditional #Financial #System?

πŸ”΄ What is a DEX compared to the centralized system we are used to? Decentralized #crypto #exchanges (#DEXs) are #blockchain-based applications that coordinate large-scale crypto #asset #trading among many users. These applications use fully automated #algorithms.

https://medium.com/veniceswap/what-is-dex-that-challenges-the-traditional-financial-system-4aacc8fa1a81
🎨 #NFTs Are Rising on Christmas Season

🧿 NFTs are individual units β€” #image, #video, #audio, #text or compressed file β€” with a unique value. This is possible because each #digital #asset gets an identifier in which #metadata (author’s name, its initial value or sales history) is recorded using #blockchain technology, ensuring that the piece cannot be duplicated.

https://medium.com/enkronos/nfts-are-rising-on-christmas-season-5fdac85f6588
πŸ‘©β€πŸ« The Future of #Asset Management: #Security #Tokens

πŸ’Ό Security tokens and #utility tokens are very similar. Both are created and stored by a #blockchain. Both are tokens, but their main difference is their purpose

#crypto

https://medium.com/veniceswap/the-future-of-asset-management-security-tokens-672ebf6a36e9