The relationship between decentralized finance and the broader vision of Web3 is rapidly evolving, according to Sergej Kunz, founder of 1inch Network.
In an interview with Benzinga, Kunz said that DeFi’s core functions are actually defining much of Web3 and envisions opportunities for mutual growth beyond traditional financial applications, particularly in areas like content monetization.
Kunz also sought to highlight the critical role DeFi plays in the realization of a fully functional Web3.
When asked about the relationship between the two, Kunz said, “Most of the Web3 is defined, it is decentralized finance.”
He expanded on this, highlighting the potential for DeFi’s capabilities to extend beyond traditional finance, noting that “It destroys finance, our money markets, swaps, limiters, whatever. A little bit of games we have, we have payment channels as well. It’s also about payment.”
Kunz pointed out that the micropayment capabilities …
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