It goes the same with many blockchain usecases. Bitcoin as a decentralized ledger is a great example. Even if bitcoin were to die, the technology of decentralized ledgers will remain. Since we have had and we need ledgers in human lives and a decentralized solution has many favorable benefits compare to a privately kept, non-transparent, and centralized-controlled databases.
And it goes on even to where the market is being somewhat “Junky”, stuff like NFTs (which are fundamentally a form of ownership technologies) have existed prior to blockchain! Game items that are kept on centralized databases are the original NFTs and they can go for an surprisingly high prices. The awareness of being able to achieve the same result of “virtual item ownership” on a decentralized level have simply caused the already existing NFT concept to evolve. Within “NFTs” there are trends and some of those will die or significantly weaken ( Same goes for many crypto project who will simply fail to provide a good solution) . But NFTs themselves are not a trend, it is both a technology and a form of human valuables.
If anyone is arguing that those mentioned above will disappear ask him 2 things (If you have patience for them):
1) Why would usecases that have existed in solid state before crypto will disappear?
2) Why would a more favorable solution (in the eyes of many, growing in numbers everyday) to existing needs disappear?
As I see it, people who go with the “It’s a just a trend” argument seem incapable from differentiating what really is the trend and what isn’t.
I wanted to present the specific idea above so I want elaborate here about usecases that crypto takes to a whole new state of existence like IOT and metaverse solutions, to understand why those will flourish one has to believe that the world is heading on a new certain path.
submitted by /u/StartThings
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