Embracing the Lessons of Decentralized Finance: Building Value, Trust, and Innovation

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Embracing the Lessons of Decentralized Finance: Building Value, Trust, and Innovation

2022: Centralized Financial Entities Fail as FTX Collapses and the Call for Decentralization Grows

Highlights: The disaster of FTX, Celsius, and Terra exposes the flaws in centralized financial entities, urging the blockchain industry to prioritize decentralized finance. The true value of the industry lies in its positive contribution to the world, focusing on the right values rather than volatile cryptocurrency assets. Building with the community and choosing diverse partners can help entrepreneurs weather unexpected challenges. Emphasizing the importance of passion, experience, and knowledge, this entrepreneurial journey requires continuous learning and the ability to adapt. Despite moments of catastrophe, bear markets offer an opportunity to determine the real value of one's creations. Making decisions based on genuine interest and dedicating oneself to work creates a cycle of dedicated effort and improved results. As responsibilities evolve with success, they are rooted in the initial passion that drives an entrepreneur to make their dreams a reality.