NFT finance Leveraging Non-Fungible Tokens

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NFT finance Leveraging Non-Fungible Tokens ( nft-finance-leveraging-non-fungible-tokens )

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The conclusions have been that there is still room for improvement with re- gards to the UI, while keeping it as simple to use as it currently is. The open-ended questions encouraged critical thinking from the participants and gave us very useful insight a clear foundation for the future work. The next part of the study was the questionnaire which where the participants have rated each feature and also gave an overall rating for the platform. This was not a quantitative study, but was aimed towards re-enforcing the findings from the interviews. As expected, the responses showed consistency and the overall impression was very positive for the platform and its features with room for improvement on the UI. In addition, using the questionnaire we have also profiled our participants based on: • Blockchain experience: 5 of the participants had intermediate experience with the Ethereum ecosystem, while 2 were beginners. • Having used DeFi protocols before: 4 had used DeFi protocols before. • Having owned NFTs: all of the participants who were DeFi users have also owned NFTs or are currently owning. From our previous discussion, the NFTs that the participants own are ENS names or event badges. In conclusion, the Human Centered Design Research process has been part of the whole project, not only the evaluation and guided not only the implementation but also set the problem that we have solved. We have had continuous evaluation throughout the building process NFT.finance due to following a HCD approach and we will use this method going forward as we will explain the Conclusion chapter. 5.4 Risks In this section we will discuss the different types of risks that we had to address and we will explain the actions that we took to mitigate or minimize it. The types of risks encountered can be split into three main categories: • Motivation: initially the goal of the project was very broad since we were addressing addressing the DeFi ecosystem in general. Setting out to improve existing DeFi solutions requires understanding of what is currently on the market, as discussed in the Background chapter. At this stage the risks involved with the motivation and the need to set a clear and well defined problem statement were even more relevant, since we wanted to build a tool that would bring novel and useful additions to DeFi, and OTC derivatives are not a good fit for this space since they have different core principles. As explained in the Design chapter, following our discussions with industry participants in the DeFi derivatives space (Vega protocol and Hedgy), who 66

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