The media spotlights focused on Decentralized Finance (DeFi) throughout 2021. It was the sector that, together with NFTs and nonfungible tokens(NFTs), contributed to the rapid adoption of cryptocurrencies.

While high yields on staking and instant profits from flipping jpegs have proven to be very lucrative for investors, it’s important to remember that none of it would have been possible without the underlying capabilities of smart contract technology.