ReDeFining growth: Innovative trends impact evolution of blockchain tech

Cointelegraph

Published Apr 04, 2021 10:47AM ET

Updated Apr 04, 2021 12:20PM ET

Over the last year, the decentralized finance space has been making waves in the financial sector, building on blockchain technology to decentralize a multitude of banking services. The adoption of DeFi services has been steadily on the rise, and all kinds of assets are making their way onto the blockchain.

With nonfungible tokens popularizing digital art ownership representations, blockchain technology is creeping into the most unexpected places, and DeFi is fuelling its expansion. These unique and sometimes quite valuable tokens are especially relevant today, with art galleries closed due to restrictions pertaining to the global pandemic and cultural experiences now taking place online more than ever before.

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