ETMarkets Crypto Conclave: New Avenues in Crypto – Staking, Yield Farming, Defi, NFTs

economictimes.indiatimes.com:

broadcast at ET, spoke with Ashish Anand, Founder of Bru Finance; Pranav Sharma, Founding Partner of Woodstock Fund; and Sumit Ghosh, CEO and Founder, Chingari where they shared an insight of their outlook on the opportunity that will unfold in the said risk involved with the blockchain technology. The year 2020 saw the rise of Decentralised Finance (Defi), a fantastic new crypto industry that grew to prominence. While staking, yield farming, Defi, NFTs are the recent buzz words. However, there is also a notable risk involved in the newfound world of blockchain. The decentralised finance segment has grown with the rise of interest in crypto assets. India, however, has experienced a sudden boom. Opportunities of investments amidst the risk

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Anand said that he holds a bullish stance for the merger between the gaming industry and metaverse in future. Defi is going to be the connecting link between the real world and blockchain. Capital Market and Defi will converge in the upcoming future, where real-world assets will be tokenized. One of the biggest examples of this is non-fungible tokens (NFTs). Apart from this abstract, things will also be priced. The young generation is trying to build a future where liquidity can flow with just a click of a button, Sharma explained. Around 25 Defi projects were delisted recently, which led to many people who invested in the projects losing billions. This raises the problem of how to manage the risk involved for investors. Anand mentioned that the majority of projects are based on a short-term vision and suggested that investors need to