The alternative to DeFi, decentralized finance. Centralised finance includes old school or trad-fi institutions like JP Morgan, Merill Lynch as well as newer centralized crypto exchanges like Binance, FTX and Kraken.

A Non Fungible Token is a unique digital asset that exists on a blockchain. On Ethereum, it is created using ERC1155 or ERC721 standard for non-fungible tokens, as opposed to ERC20 standard for fungible tokens. NFTs are used as a form of digital ownership to represent a unique asset. In a simple form, that asset could be on-chain code like @artblocks art, or a link to a jpeg like @bayc. In a more complex form, it could be a real world asset like property from @PropyInc or even a @tesla.

Art Blocks is a platform founded by Erick Calderon / Snowfro and is one of the OG leaders in generative art, which is art made using mathematical algorithms. All ArtBlocks releases store the entire code on-chain, meaning that ownership is not of a jpeg or file, but of the code that generates the image in real time on the blockchain every time it is opened or viewed. Some of ArtBlocks most well-known releases are Chromie Squiggles, Ringers and Fidenzas.