Too Long; Didn't Read
The FTX blowup has been a stark reminder that people who can abuse a tremendous amount of power often will often will. Through disintermediating and opening up finance, DeFi can help prevent the sorts of abuses of power that have shocked the cryptoeconomy this week. NFTs unlock new possibilities around identity and sociality that DeFi simply didn’t have in its initial push. DeFi will rise out of the FTX fallout stronger than ever, and the DeFi x NFT crossroads is going to be a big part of that.