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Explore the evolution of financial markets from Finance 0.0 to 3.0, the rise of DeFi, and the challenges of replacing traditional finance with blockchain-based
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Financial markets at the heart of the global economy are most commonly associated with speculation. Entrepreneurs and investors use capital markets to finance their firms. Efficient markets lead to very real outcomes such as jobs being created, unicorns being built, and GPs earning carry. Self custodial, peer-to-peer paradigms of crypto-networks fundamentally disintermediates most rent seeking middlemen institutions.