MetaFi: As the crypto space continues to expand, new crossovers like ‘MetaFi’ emerge, What is Metaphy? And why would this be our future?
There are many fields of possibilities for those watching this ever-growing field. Over the past year, growth within the crypto space has skyrocketed. Crypto is no longer just about investments and financial possibilities. Non-fungible tokens (NFTs) and decentralized financial (DFI) tools increased the usefulness and use cases of crypto. The value of these digital tokens is no longer just in monetization.
Essentially, the entire digital landscape is being built and governed by crypto. Now, proof of ownership of digital assets and access to participation in democratic governance protocols drive investment. This shift in the crypto industry changed the trajectory in the space towards ecosystems and communities.
As these two concepts become increasingly important within the development of the crypto industry, they can be seen in other digital spaces.
The Metaverse is another open plane of digital life. While recent search trends show a decrease in online inquiries with “metaverse” as a search term, major brands like Samsung are leading the way in full force. Global lager-company Heineken also launched Metaverse’s first beer last week.
Digital interactions will only continue to grow and become more dynamic. With this, according to some, there is a whole new realm of possibilities. BeInCrypto spoke with Teodora Atanasova, VIP Relations Manager and Co-Founder of Nexo Finance, on her journey into space, the prospects of the future, and the term “MetaFi”.
rebuild the system
The crypto space is a mega disruptor. The way the world worked for the last hundred years, it strengthened the system in which people are trapped economically and socially. As crypto becomes more relevant and useful, these systems (ie traditional banking, organizational hierarchies, common constructions) will continue to exist in new ways.
Many people often view the crypto scene, and the more emerging tech scene, as an industry for “in finance” or “tech-people”. While these types of profiles certainly exist within the space, this developing center is a creators’ paradise. It means creator of multi-disciplines. Disruption always equals creation – something!
For Teodora Atanasova, the possibilities of crypto disrupted her sense of self and began a new journey on which to embark.
“Maybe my intuition was speaking at the time,” says Atanasova, “but I’ve always felt that life has a lot more to do with me (as it does for everyone who works in crypto now) than a traditional career.” than the path we are encouraged to follow in college. ,
Crypto is life-changing for those willing to take the chance and go beyond the initial constraints of innovation brought with disruption.
“There is an invaluable feature of the maker economy that is unfolding before our eyes – everyone gets to reinvent themselves and their profession and explore new areas of possibilities. My journey began when One of the co-founders of Nexo reached out to me. I immediately took him up on an offer to start working on this exciting new crypto company – I literally packed my suitcase, left Vienna, and started working on Nexo in Sofia. Gave [Bulgaria] A week later – a chance I’ll never regret taking.”
Metaphy: a big shift
Atanasova sees another big change in space in the near future. He is ‘Metafi’.
“In essence, MetaFi is the intersection of the Metaverse, Web3, VR, and digital finance. Internally, we coined the term MetaFi because it combines the Metaverse and DeFi. We are using it because we believe it is ours too far.” has no future.”
According to the co-founder of Nexo, the people who will breathe life into MetaFi will be those who believe in the infinite possibilities of creation in space.
“We believe that the MetaFi world will be built by people who have agile experience in creating a decentralized crypto environment.”
throw away centralization
As these trends progress, the importance of maintaining decentralization is crucial. MetaFi encourages the participation of all, including leading “traditional institutions”. However, as these large, centralized entities enter the space, decentralization becomes even more important.
“The terrible events in Ukraine at the moment are a wake-up call. A sobering reminder that the centralized monetary system can fail us at any moment. I have read a lot and seen firsthand how those who managed to save their wealth We’re using crypto. I think it’s a prime example of why financial literacy is so important in this ‘new world order’ as Ray Dalio likes to call it.”
Financial independence and the possibilities presented through decentralization for creative solutions find no barrier, even in the most difficult of circumstances.
Women in Web3
On that note, one demographic often excluded or often not a minority is female investors in traditional finance. Once again, the prospects for inclusivity and restructured power structures within decentralized communities present women with new possibilities.
Getting more women into space is still a challenge. Atanasova said that when she first entered, the male-dominated scene was prevalent.
“I remember going to conferences back then when the male to female ratio was 80/20. I’m proud that Nexo’s ratio is nothing like this. At least half of our teams are female dominated. My overall observation is that more and more women are developing core technology, creating designs, and building brands. The space is definitely more inclusive. Still, it has a long way to go before it becomes the norm. I believe that when people see women creating products and speaking at crypto conferences, it will have a huge impact when it comes to adoption by women. This will gradually bring millions of women into crypto as both creators and investors.”
Even though the gender gap is still small (but will always be less), Teodora says her experience has been nothing but encouraging.
“The incredible men I have had the privilege to build with have always supported me. I really always like to say that ever since we started Nexo, I stand on the shoulders of giants. I believe, and I am sure the fiercest women of Nexo will agree that being a woman in this emerging industry is what contributes to our success. ,
Metaphy: education opens doors
For a decentralized world and MetaFi to be accessible to all, there is a key component that must be pushed within the crypto space: education. Women investors and crypto-heists both benefit from education and an understanding of general finance.
About bringing women into space, Atanasova said, “Education and financial literacy are my top choices.” “But I would say that leading by example and building an ecosystem that is welcoming enough to women is equally important.”
Teodora points to Rachel Wolfson as the women in space who are doing just that. “She regularly assembles a fantastic group of women who make Web3. I will definitely follow her advice on what is new and exciting in the space.”
For those ready to embrace the possibilities of our new digital reality, Atanasova has some advice. “Look for a good mentor to point your interest in the right direction. One of the great things about the crypto industry is that it is extremely welcoming. Everyone is eager to help in any way possible.”
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