Decentralized finance and Non-Fungible Tokens

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Chapter 11 in Understanding Initial Coin Offerings, 2024, pp 233-248 from Edward Elgar Publishing

Abstract: In this chapter, we delve into Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs) as emerging mechanisms for blockchain fundraising. We discuss the concept of DeFi, its key components, and how Decentralized Exchanges (DEXs) enable a novel form of blockchain funding - Initial DEX Offerings (IDOs). Additionally, we investigate NFTs, examining their evolution and diverse applications. The shift from Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs) to IDOs and NFTs is analysed, highlighting the increased security, transparency, and flexibility these mechanisms offer.

Keywords: Business and Management; Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2024
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