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Over the years, blockchain technology has evolved from simply facilitating peer-to-peer money transfer to sophisticated functions such as decentralized finance and decentralized physical infrastructure network .enables the decentralization of physical infrastructure and other real-world products, blending the Web2 and Web3 ecosystems. Together, both innovations aim to bring everyone more organized structures and products.
Banks or other centralized financial institutions operate as intermediaries between investors and the desired financial product in the traditional financial system. Underpinned by blockchain technology, DeFi projects change the narrative by allowing users to execute transactions by interacting with self-executing computer programs called smart contracts. The mechanics of the DeFi ecosystem give investors complete control of their funds.
Essentially, DePIN enables physical infrastructures like real estate, solar panels and batteries for energy systems, hotspots and routers for wireless networks, or servers for cloud computing to be tokenized on the blockchain. Additionally, DePINs can operate as DeFi projects, allowing users to trade, borrow, lend, and stake tokens.
As previously highlighted, DeFi brings decentralization into traditional finance . It is possible to merge DeFi with Web2 companies, especially those specializing in TradFi, such as banks, hedge fund managers, brokerages, etc. Such a merger will allow customers of these Web2 firms to access DeFi functions like decentralized lending, borrowing, staking, and farming.
Interestingly, adopting DeFi and DePIN into the traditional Web2 ecosystem can increase the number of crypto users and bring more profits to businesses that explore the idea. Let’s take a case study. In January 2024, the multinational asset manager BlackRock joined various financial companies that launched a spot Bitcoin exchange-traded fund , an investment vehicle that blends the traditional financial system with the leading cryptocurrency.
CLS Global’s market-making entails the platform’s team guiding clients to embrace advanced strategies to help them thrive in the crypto market. Its consultancy feature encompasses offering comprehensive knowledge to projects, giving them a hedge in the competitive digital asset industry.
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