Decentralized Finance – DEFI: Decentralized finance (DeFi) is a new emerging financial technology based on secure distributed ledgers (blockchain) similar to those used by cryptocurrencies. The system removes banks and institutions’ control on money, financial products, and financial services. DeFi – Fintech companies will become an alternative to brick-and-mortar banks.
NFT: A non-fungible token is a non-interchangeable unit of data stored on a blockchain, a digital ledger. Some NFT data units include digital files such as photos, videos, and audio. These are created by Artists, Entertainers, Musicians, Sports, Athletes, Replacing trading cards. Always make sure what you are buying, that it is “minted,” and that you know how many they are minting. NFTs are bought, sold, traded, and stored on or in a digital wallet.
NFT Marketplace: A marketplace where NFTs are being bought and sold. We can provide payment processing to these marketplaces with a global solution for Domestic and International payments. Marketplaces allow buyers to browse and see all the different NFTs available on the platform.
Metaverse: A metaverse is a network of 3D virtual worlds focused on social interaction within that platform. The metaverse is similar to video games where you can create a character. In future and science fiction, the term is often described as a hypothetical iteration of the Internet as a single, universal virtual world (like the movie the Matrix) facilitated by using virtual and augmented reality headsets or on the computer. What will be sold in the metaverse? Land, homes, condos, stores, goods and services, and more, the possibilities are endless!