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Decentralized finance and Non-Fungible Tokens

In: Understanding Initial Coin Offerings

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Abstract

In this chapter, we delve into Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs) as emerging mechanisms for blockchain fundraising. We discuss the concept of DeFi, its key components, and how Decentralized Exchanges (DEXs) enable a novel form of blockchain funding - Initial DEX Offerings (IDOs). Additionally, we investigate NFTs, examining their evolution and diverse applications. The shift from Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs) to IDOs and NFTs is analysed, highlighting the increased security, transparency, and flexibility these mechanisms offer.

Suggested Citation

  • ., 2024. "Decentralized finance and Non-Fungible Tokens," Chapters, in: Understanding Initial Coin Offerings, chapter 11, pages 233-248, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21481_11
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    File URL: https://www.elgaronline.com/doi/10.4337/9781803921587.00017
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    1. Born, Alexandra & Gati, Zakaria & Lambert, Claudia & Naeem, Mahvish & Pellicani, Antonella, 2026. "Who to regulate? Identifying actors within DeFi’s governance," Working Paper Series 3208, European Central Bank.
    2. Remy Jonkam Oben & Aliya Zhakanova Isiksal & Ala Fathi Assi & Faisal Faisal, 2025. "Volatility and return connectedness across decentralized finance assets, precious and industrial metals, green energy and technology markets," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 38(4), pages 869-890, December.
    3. Ngo Thai Hung & Nguyen Tran The Dan & Tran Bui Hong Tuoi & Pham Thuy Anh & Nguyen Thuy Thanh Ngan & Luyen Nhat Tam, 2026. "Spillover effects between DeFi assets and ASEAN-6 stock markets," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 50(1), pages 1-30, December.
    4. Remy Jonkam Oben & Mehdi Seraj & Şerife Zihni Eyüpoğlu, 2025. "Determinants of blue economy Growth in EU fisheries waters: MMQR and quantile-on-quantile analyses," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 74(4), pages 1-41, December.

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