Hi there, I'm Ed Butler. Welcome to Business Daily from the BBC. Today, decentralized financial platforms or defy as they're known. What are they? And are they changing the world of money?

They are creating a global, permissionless financial system that functions 24 hours, seven days a week, and actually offers a level of

financial inclusion that is unparalleled in the history of humankind. So that's why this stuff's

all going up. Going up and up, but is it dirty money that's fueling this boom? There's more opportunities available to exploit these types of platforms

for these founders of certain projects to abscond with customer funds.

That's increasing at a much faster rate.

Can you Defy Defy Business Daily from the BBC?

Welcome to the sandbox game maker alpha.

This tool will allow you to take assets that you've created in Vox Edit or bought in the marketplace and create games that can be published in the sandbox metaverse.

To get started, you need to have a... A promotional video there for Sandbox.

It's just one of a myriad of games you can now play online for fun, but also to make money.

Now, any land, asset, or sand coins you purchase will be stored safely in your wallet.

Well, for those of us who don't play this stuff,

sandbox is just part of a bewildering trend towards decentralized digital finance.

Yes, it could be simple games, but more often it's more basic ways of using digital tokens

to borrow, lend, trade, whatever.

And all of this operating through new internet platforms

with funky names like uniswop, sushi swap, pancake swap.

Don't worry about the names too much, though.

For a definition of what decentralized finance or defy is,

here's someone who's put some 90% of his wealth into it.

Investor Jamie Burke.

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