Defi and NFTs will not only be important elements in the cryptospace, I reckon Defi will be the main element that will serve as basic infrastructure for all digital items created in the cryptospace. This will include NFTs as mentioned and will also serve cryptocoins like Bitcoin, Ethereum, other altcoins and stablecoins. Defi can also serve casinos, DAOs and many other usecases.
Before I had a wider understanding about Defi, I thought it was only another new scam in the cryptospace that will be forgotten. This is because I thought Defi would try to serve real world assets of value that will be tokenized. I was clearly very wrong in this type of thinking. It was when I was beginning to witness the longterm cultural value of NFTs when I realized of Defi's importance as an infrastructure for anything with value in the cryptospace.
In any case, there are Defi projects in the cryptospace already serving NFTs to provide liquidity for them. I speculate they will be the next 10x - 100x projects.
DeFi won't be a thing as long as crypto people are using it to run away from regulators when they should embrace and integrate regulations.
For now they work as a proof of conceptbut RegDeFi is where we should be headed. Even
Andre Cronje who is basically the godfather of DeFi wants to focus on regulation focused projects now.
https://www.coindesk.com/tech/2022/04/19/defi-developer-andre-cronje-teases-new-regulation-focused-crypto-projects/Here's a project that's currently furthest ahead in tech and Regdefi:
https://www.youtube.com/watch?v=LqDTGk6yuBgNFTs on the other hand can be used for lots of things.
I disagree because there will always be users in the cryptospace who will always be willing to use Defi's infrastructure because the need it. They will need it for loans, they will need it for yields, they will need it for swaps and many other usecases.
Regulators cannot do anything to enforce the law because those smart contracts are immutable.
Also, you should not trust Andre's words. He rugpulled his followers and made more than $1 billion and he returns with an article telling everyone that regulation is needed in Defi? This is head shaking.