DeFi market
Even though the exchange and trading of cryptocurrencies have been around for many years now, the term decentralized finance or DeFi was only coined in August of 2018. The DeFi market started growing rapidly from $1 billion in 2019 to over $50 billion by the beginning of 2022. Since the term was coined, DeFi has spread throughout the global financial markets like wildfire and at the moment, there's no predicting how this phenomenon would proceed.
Metaverse
Metaverse is the convergence of the physical and digital worlds in a virtual space. It is an opportunity for investors and indeed everyone, to participate and capitalise on a new way of doing things and a new revenue stream.
Smart contracts
Smart Contracts are written codes that are blockchain-based which documents, controls and executes contractual agreements as soon as the predetermined conditions of the agreements are met. In today's blockchain world, smart contracts are being used for business transactions and interactions, some of which includes issuing automated payments when a task/goal is completed and regulating workflows.
Non-Fungible Tokens (NFTs)
When something is said to be non-fungible, it means that that thing can not be replaced with something else. For example, a cryptocurrency like Bitcoin is fungible. If you trade one Bitcoin for another Bitcoin, you'll get the exact same value in your traded Bitcoin. However, a trading card that's one-of-a-kind is non-fungible. If you trade that card for a different card, you'd have something that's completely different.