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In 2021 alone, the NFT market cap rose by over 1,700%, similar to the explosion in the DeFi market in 2020. The underlying technology of NFTs and DeFi devises a viable means of materialising some of the essential characteristics of banks and real-world assets in the digital world. With NFT, it is easier to trace and confirm the ownership of digital items. With DeFi, investors are increasingly looking for ways to enjoy the financial possibilities associated with DeFi solutions. But there is a catch. Investors, artists, content creators, and collectors alike must acquaint themselves with emerging crypto-financial templates.
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