DeFi in the Metaverse: Possibilities, Pitfalls, and Promisesby@induction
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DeFi in the Metaverse: Possibilities, Pitfalls, and Promises

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The term DeFi stands for Decentralized Finance, and it is based on the blockchain that follows the distributed ledger technology. DeFi removes the centralized control of banks and financial institutions to give financial freedom to everyone. The Metaverse is a digital reality that is created by integrating a network of 3D virtual worlds for enhanced user experiences. The true form of Metaverse still does not exist as we don’t have all the necessary infrastructures to realize it practically, but development progress is going on and activities like virtually getting married, selecting desired goods, and purchasing digitalized lands are looking like to be possible soon.

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