Communities are inherently valuable. They bring together members’ resources, skills, knowledge, and experiences to create value for members and other people who engage with them. From crowd-sourcing advice to supporting non-profit causes and even reality show favourites, communities have historically been used to accomplish and advance all kinds of goals. For instance, in many African societies, community-based initiatives like cooperative societies are an age-long vehicle for enabling millions of unbanked people to access credit and other financial services.

To understand Decentralized Finance (DeFi) and why it exists, it’s essential first to understand the purpose of “Traditional Finance” (TradFi), particularly as it relates to the capital market. This is necessary because, for the most part, the capital market is what DeFi disrupts today.

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A couple of days ago, I was talking to someone about how fascinating I find decentralized wallets. This article is my attempt at explaining cryptocurrency wallets so you get a sense of what goes on under the hood; and how to think about them in the new decentralised world.

NFTs (Non-Fungible Tokens) are the new wave in the cryptocurrency space. Over the last few months, they have opened up new channels for digital creators to monetize their work.