The 'DeFi Mullet'

The 'DeFi Mullet'


The metaverse isn’t a new term or idea. The term dates back to Neal Stephenson’s novel “Snow Crash,” which was published in 1992, and the idea is much older. Given social media, massively multiplayer online (MMO) games, virtual reality/augmented reality, this concept has been on the rise for some time, but the usage of the term itself took on a new life recently as the economical implications of this concept became more vivid to the zeitgeist after the NFTs (non-fungible tokens) and DeFi gained prominence.

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