/biz/ - Business & Finance

>>53870825
Unironically Request Network. They fill a boring yet necessary niche in DeFi. Once Huma Finance finishes building their invoice factoring platform on top of Request, businesses will be able to borrow against verified incoming revenue based on their invoices. This process of borrowing against receivables is a widely used practice completely necessary for Defi to ever actually serve real business needs.
Request abstracts out several steps in the pipeline through tokenized invoices. Infinitely producible, yet unique and immutable, NFTs are perfect for invoicing and receipts. It's not glamorous or flashy, but there's real, tangible value in the manpower saved. Fiat integration is live in the EU, and this process will become more widely accessible, and the Crypto market will finally get reliable access to liquidity that isn't based off of projects over collateralizing their own digital assets several times over. This is a hugely common practice, Grand View Research estimates the annual value of invoices factored is ~$3.5 trillion, and expected to grow at a compound annual growth rate of 9.2%, meaning it will only become more ubiquitous in finance (https://www.grandviewresearch.com/industry-analysis/factoring-services-market).). Request is the one of the few, and certainly the most well established decentralized platform providing the foundation for these services.
Call me schizo, or coping, or whatever. This is my earnest analysis and I'm handing it to you on a silver platter. You might not believe it, but I'm in the green on Req. I'm doing ok, not great, but that's my honest situation. I see a need, and a product that fills the need more efficiently and with less potential for fraud.