Mapping out Ethereum's 'Open Finance'

Human collaboration is built on narratives and stories. To quote Yuval Noah Harari in his book Sapiens, “Any large-scale human cooperation … is rooted in common myths that exist only in people’s collective imagination.” Crypto projects, goals, and ecosystems evolve based on the current narrative around a specific narrative. Ethereum’s narrative started as the “World Computer,” and then shifted to “unstoppable applications.” Now we are seeing a new narrative forming around Ethereum, one that people are labeling “Open Finance.”

As with most of our pieces at The Block, we take inspirations from the conversations and narratives flowing around in the crypto community. As such, we’ve decided to take a look at what Open Finance is and attempt to map out the projects building a new financial ecosystem.