I read the whole web3 review a couple of times - it was at the top of HN for a long time. I think it's going to have a pretty big impact on the cryptosphere. With luck, we will have an emperor's new clothes moment :-)
What did you think about this comment from the web3 review?
I think these market forces will likely continue, and in my mind the question of how long it continues is a question of whether the vast amounts of accumulated cryptocurrency are ultimately inside an engine or a leaky bucket. If the money flowing through NFTs ends up channeled back into crypto space, it could continue to accelerate forever (regardless of whether or not it’s just web2x2).
It sounds like Moxie is suggesting that crypto-currency could become a permanent fixture
if enough people start using it for something that has no other solution (eg NFTs) because this application (NFTs in this case) will feed in a sufficiently steady stream of fiat based money to keep the crypto-currency alive indefinitely.
A depressing thought to end the day with...
