DeFi and Web 3.0: Unleashing creative juices with decentralized finance
Cointelegraph
Published Sep 26, 2021 06:13AM ET
Updated Sep 26, 2021 08:00AM ET
Decentralized technologies are starting to revolutionize the world of finance, with cryptocurrencies applied in different ways to recreate traditional financial instruments. However, since cryptocurrencies aren’t backed by anything but people’s faith in them, they are extremely volatile. That means, when it comes to loaning value with crypto, neither party can be sure that they will get a fair deal.
There needs to be a way to secure the value of the assets loaned, which can be done by backing them up with a value in the real world. Here is where the tokenization of real assets comes in. This process is pretty straightforward when we consider tangible assets like a building or gold bars, but what about intangible assets like intellectual property?
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Written By: Cointelegraph
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