# Glossary

DeFi is financial instruments in the form of services and applications created on the blockchain, the task of decentralized finance is to become an alternative to the banking sector and replace the traditional technologies of the current financial system with open source protocols, open access to decentralized lending and new investment platforms for a large number of people.

{% content-ref url="glossary/defi-basics" %}
[defi-basics](https://ikigai-daio.gitbook.io/ikigai-dao/faq-and-guides/glossary/defi-basics)
{% endcontent-ref %}

NFT is applicable as an identification certificate and this uniqueness gives a great opportunity in the use of financial products and documentation, gives creative people and publications the right to earn digital art, as well as register as a trademark of their discovery or retain authorship as a patent for intellectual property.

{% content-ref url="glossary/nft" %}
[nft](https://ikigai-daio.gitbook.io/ikigai-dao/faq-and-guides/glossary/nft)
{% endcontent-ref %}
