INFOGRAPHIC - Breaking down common Web3 acronyms
DeFi
DeFi, or Decentralized Finance, leverages blockchain technology to offer financial services like lending, borrowing, and trading without traditional intermediaries like banks. It uses smart contracts to allow users to transact directly and transparently on-chain.
ReFi
ReFi, or Regenerative Finance, integrates sustainability with finance to support ecological and social regeneration. It uses blockchain to fund projects that have a positive environmental impact, promoting a healthier planet through innovative financial and incentivization models.
DeSCi
DeSci, or Decentralized Science, aims to revolutionize how research is funded, published, and shared. It uses blockchain technology to make scientific processes open and accessible, bypassing traditional barriers such as centralized institutions to promote global scientific collaboration.
DePIN
DePIN, or Decentralized Physical Infrastructure Networks, leverages blockchain technology and decentralization to support the maintenance and implementation of physical networks. This could include energy infrastructure, digital storage, sensors for MRV processes, and other applications.
CoFi
Where as DeFi relies on traditional market incentives, CoFi, or Collaborative Finance, relies on alternative incentive structures like mutual credit, bartering, and other trust-based social agreements. A great example of CoFi is community-driven savings circles.
DAOs
DAOs, or Decentralized Autonomous Organizations, are horizontally structured organizations governed by their members. Leveraging blockchain smart contracts, they enable transparent, collective decision-making on resource allocation, policy-making, and other organizational activities.
DeSpace
DeSpace, or Decentralized Space, involves using blockchain technology to democratize access to and governance of space-related activities. It promotes global collaboration and transparency in satellite deployment, space exploration, and resource utilization beyond Earth.
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