How Are NFTs Used in DeFi? 10 Projects Empowering DeFi

More DeFi protocols are experimenting with integrating NFTs.

Therefore, I researched 10 of them to find out:

• Why?

• What extra benefits do they offer?

Key success in building a crypto project is…?

Technical innovation is just one side of building a successful crypto project.

The other one is community. Because it’s a sense of belonging to a group of like-minded people that makes us care about the project.

A highly motivated community serves as a loudspeaker for the team’s marketing efforts. Community members share about the protocol on social media, talk about it to their friends, and offer valuable help to the team. Even without being paid.

It’s a sense of belonging to a group of like-minded people that makes us care about the project.

The most popular community building tool is a token. It allows reaching millions of people, because anyone can easily buy into it. And when they do, they’re financially motivated to see the project succeed.