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The world of DeFi used to be all about purely virtual assets. Now that gradually changes, thanks to projects like Definder Global, which help people deal with the RWA (real-world assets) such as real estate.
DeFi (decentralized finance) came to prominence around 2017. Before that, early blockchains like Bitcoin were suitable only for storing and sending cryptocurrencies. But Ethereum changed that by adding smart contracts for executing arbitrary code on the blockchain. It helped to create lots of various applications for dealing with cryptocurrencies on-chain. Staking, lending, exchanging tokens — people started to create a whole new ecosystem of financial services.
These applications were sometimes similar to the traditional banking services, but they worked in the decentralized world of blockchain. Unlike banks, they don't require people to trust a third party. If such a decentralized service is done right, its creators don't have the access to the funds of their users, which prevents corruption. Since decentralization it the defining feature of such financial services, they became known as "decentralized finance", or DeFi for short.
And since DeFi services were executed on-chain, most of them stay inside the bounds on the on-chain world. You can easily swap two tokens on a DEX (decentralized exchange), but you couldn't use a DEX to turn your crypto into fiat money, that's a realm of centralized exchanges and off-ramp services. You can borrow some token, but you have to use a collateral, and in DeFi that usually has to be another token — not a real-world asset you own.
So one could think that all of DeFi would forever stay completely "virtual". But nowadays new projects challenge that. The main idea is bringing real-world assets (RWA) into the blockchain world. It can be done in various ways: for instance, if a stablecoin is backed by gold, one could say that brings gold into the blockchain. But let's talk about another trend: bringing real estate into the blockchain.
It has been pioneered by projects such as CitaDao. And now a new prominent player is making rounds: Definder Global. It helps people use crypto for property investment, making it more accessible and decentralized than before.
Of course, while anyone can launch NFT collection of monkey pictures (and many people do), dealing with the real estate is obviously trickier. You can't just say something like "that NFT represents a house ownership" without it being backed by the legal stuff. And Definder Global has a UK license for its business, so it has the needed real-world connection.
So maybe it's a sign of things to come, where lots of real-world assets would be available to everyone on-chain, in a convenient and a decentralized way.
And if you aren't interested in the distant future, but are interested in the short-term future where it's possible to make some gains, you might want to know that Definder is creating its own token $DFIND, now in the presale stage. Of course, DYOR NFA — do your own research before any significant investment. The starting point of the research could be the official website of Definder Capital.
