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Tezos co-founder Arthur Breitman discusses the untapped potential of DeFi

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Arthur Breitman, the co-founder of layer-1 protocol Tezos (XTZ), spoke with Cointelegraph’s Jackson DuMont on the Paris Blockchain Week Summit (PBWS) final week about what it will take to unlock the true potential of decentralized finance, or DeFi. Breitman delivered a keynote speech following this interview in regards to the firm’s technique.

Associated: Paris Blockchain Week, April 14: Newest updates from the Cointelegraph crew on the bottom

In keeping with Breitman, “folks have not actually tapped into DeFi for real-world property being tokenized.” When he says real-world property, he means shares, actual property, digital artwork or “something you’ll be able to consider.” Whereas calling for a merge of conventional monetary securitization and DeFi functions, Breitman additionally believes that the financialization of nonfungible tokens (NFTs) “goes to be an enormous factor.”

He added that as a result of appreciable hype round DeFi and NFTs in the intervening time, it is exhausting to find out what’s going to truly be sustainable. The hype must settle earlier than DeFi’s true energy may be unlocked as a result of “The purpose of DeFi can not simply be to commerce DeFi tokens,” he mentioned.

Moreover, Breitman affirmed that the consolidation of layer-1 applied sciences is coming: “There is a gigantic untapped universe on the market and everybody has a whole lot of room to develop. We’re going to see a whole lot of convergence within the design of blockchains.” 

When requested in regards to the scalability, decentralization and safety trilemma, Breitman is bound it may be solved. He said that Tezos’ strategy to scaling includes Optimistic Rollups, a layer-2 resolution that helps very high-throughput use circumstances. Breitman mentioned that Optimistic Rollups could supply the important thing to each the horizontal and the vertical scalability of blockchain networks.

Associated: Algorand founder Silvio Micali needs to usher within the democratization of finance

On the finish, Breitman pointed viewers who’re inquisitive about studying extra about Tezos’ scaling efforts to its 2022 roadmap. He additionally expressed his pleasure for the gaming sector and Tezos’ blockchain gaining initiatives.

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