DeFi: Leading To A 2021 NFT Explosion

in Threespeak4 months ago

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There is little doubt that DeFi was the story in cryptocurrency for 2020. While not getting the same publicity, NFTs had a very good year also.

In this video I discuss how both are actually linked. The innovation in DeFi is leading to an advancement in NFTs. By fractionalizing digitized assets represented by a NFT, DeFi allows for the pieces to be collateralized for loans.

This all ties into creating layers of value built upon themselves.


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Interesting, I never thought of fractionizing NFTs and linking them together to loans. The idea and process still have to be flushed out to make a easy process. A general user would want a stream line approach and not anything complicated. I hope to see what happens in a year as well.

Certainly we need to see a great deal more infrastructure to be developed. However, the idea is in place and is being done to some degree.

We will see more progress in 2021 which will lead to greater adoption.

I sense this is just the tip of the iceberg in terms of innovation.

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NFT is the new tokenization gamification and simply transposing things from reality into a digitized form. Even art moved now into the blockchain and is not just static as the traditional one is, but can have code behind, mind other form of art and so own. We might be on the verge of AI art generated with the help of blockchain, so it is quite amazing what is happening in the space.

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