GameStop (GME) Saga: Why It May Be the Turn of Decentralized Finance (DeFi) and NFTs To Shine

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As retail confidence in the stock market is threatened, DeFi developers are advocating an alternative system.

When it comes to the need for an open, unstoppable, permissionless financial architecture, DeFi, by comparison, is seen as trustless and fair because it doesn’t make decisions about whether users can transact or not. Instead, the qualifications required to interact with different platforms, be it Uniswap on Ethereum or another app are based on their ability to pay transaction fees.

Even if the GameStop saga doesn’t channel capital directly into DeFi, many have concluded that it shows how much room the DeFi space needs to grow.

Courtesy: DeFi Pulse

Image Credit: DeFi Pulse, Shutterstock

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