viii  Contents

Derivatives  18

DEXs  18

Gaming  18

Insurance  18

Lending and borrowing  18

Marketplaces  19

Payments  19

Prediction markets  19

Savings  19

Stablecoins  19

Synthetic assets  20

Tokenisation  20

Trading  20

Digital identity  20

Crowdfunding  20

How to get involved in DeFi?  21

Why invest time in dApps?  22

How to develop dApps and launch them

onto the Ethereum network?  22

How to get started with DeFi?  23

Try DeFi applications in real time  28

NFT overview  38

What is an NFT?  38

How do NFTs work?  39

Current examples of NFTs  39

Platforms to get involved in NFTs  40

CDBC revolution  41

Potential benefits and challenges related

to CBDC implementation  42

Summary  46

2 Blockchain products

47

Blockchain products in the market  47

Blockchain product comparison  47

Cryptocurrency  51

Smart contract  51

Dynamic registry  52

Static registry  53

Payment infrastructure  53

Identity  54

DeFi and NFTs  54