Early this year, after emerging from the FTX aftermath, I published two now-popular articles: “The Web3 Opportunity: What's Next” and “Web3 for Brands: Beyond the Hype”, on the state of Web3.
Eight months later, the Web3 community is again in turmoil:
“The NFT bubble is finally bursting”, declare the skeptics. “I told you so, remember?!”
We’re in the midst of crypto winter action, folks.
But the situation is more nuanced. Here’s my thesis. 👇
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Let’s remind ourselves why we’re even here in the first place. I won’t repeat what I wrote here, but here’s a brief.
In their essence, NFTs enable:
