The Marriage of NFTs and DeFi and What It Means for the Virtual Economy
While in 2020 decentralized finance (DeFi) was all the rage, 2021 has seen the rise of non-fungible tokens (NFTs), which are essentially digital certificates of ownership of a scarce asset on a blockchain. After $400 million in gross sales of NFTs were consummated in 2020, some $1 billion were completed in just the first quarter [...]