With the increasing adoption of emerging technologies like blockchain, smart contracts, and cryptocurrency, the concept of decentralized finance (DeFI) is also gaining considerable attention. In this blog, we will explore how these technologies lay the foundation for DeFi, a new exciting financial shift of our time.
A Decentralized marketplace is another type of DeFi project. It follows the concept of a marketplace that enables people to exchange goods and services with a decentralized architecture.
On open marketplaces built with blockchain, users can buy and sell crypto-collectibles, also known as NFTs or non-fungible tokens. An Ethereum blockchain solution development with smart contracts manages all the buying and selling an effective and secure manner. It means users gain control over their items, which is contrary to the concept of centralized platforms like Amazon