5min chapter

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One on One with A and Z #7: The NFT Renaissance

a16z Live

CHAPTER

Defining Distributed Finance (DFI)

Dfi is a financial system created with these kind of what we call smart contracts in etherium and and money. There's no corruptible human sintlb, it's not underwritten by the us. The markets are always open. Any one can join,. you don't have to have some, like, long history of credit. And defy, everything settled, you know, very fast, in seconds. You compare that to our current system, which is massively opaque. We're huge proponents of defy. I think we've got, we' have well over a half a dozen investments in the category. Ye ead know it. It'si can't decide.

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