Earnity Presents: What is the future of DeFi?

We cannot deny that the NFT market is heavily attracting the attention of millions of people. Dan Schatt, Domenic Carosa, and the rest of the Earnity team see many pointing out that this increased attention may be contributing to the high fees and network congestion. However, if we look at the ranking of gas consumption, NFT projects rank above the others. That is why we will answer the question about the future of DeFi. 

It is reasonable to think that as retail and institutional users shift their assets from centralized exchanges to their personal wallets on the chain to acquire NFTs, those assets will interact with DeFi. Speaking of the future of DeFi, it is also notable to mention Earnity, a group of financial technology and crypto veterans working to decentralize financial products to make them more accessible and user-friendly. Dan Schatt, Domenic Carosa, and their team have founded this social-first company for you to interact with, follow, and create communities aligned with your interests, all while being able to take immediate buy/sell action.

This immediacy is because users may have to trade on-chain assets between ETH and stablecoin to transact in the NFT market. If we are to look for examples of this, we can see the purchasing power of NFT, the constant quest to improve performance in DeFi protocols, and the number of gaming projects such as Axie Infinity. On the other hand, Bitcoin on exchanges remains simple and flat. There is little incentive to distribute those resources outside of centralized exchanges or cold storage.

Essentially as long as OpenSea remains relentlessly ahead for NFT, Cryptopunks and Bored Apes Yacht Club (BAYC) manage to find incredibly high minimum prices, starting at $ 130,000. Other NFT projects continue to appear with great success. DeFi shows that it has a renewed risk appetite. However, it is still largely driven by stablecoin lending rather than token speculation.