Short for non-fungible token, NFTs are digital tokens used to prove ownership of unique tangible and intangible items — unlike cryptocurrencies, they cannot be exchanged one-for-one. Full definition
A self-executing protocol on a blockchain that automatically carries out the terms of a contract when specific conditions are met, without the need for a third party. Full definition
Short for Decentralized Finance, DeFi is the idea that blockchain entrepreneurs can use bitcoin and crypto technology to recreate traditional financial instruments such as loans and insurance, without a centralized intermediary. Full definition
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