The hype around NFT's and crypto has generally been labeled as hype, a quick cash-grab, and people with cash to spend and speculate due to government handouts.
While this does hold merit, because of the scams and pump and dumps, logically it makes sense that this will be bigger than most 'normal' industries.
Payments are the oxygen of our society, with the internet serving as the brain. It's no coincidence that the largest companies in the world (and chains) mirror this.
Here are some comparisons:
True, but what even is real? Belief? Something you can observe and touch?
With $2T already wrapped up in smart contracts, NFT's, and centralized crypto exchanges, there is still an extreme amount of room for growth. Considering finance touches every aspect of every industry, and now everyone with an internet connection and device can participate, it's no wonder the space grows thousands of percents per year.
As shoppers seek more experiences for buying non-essentials (like Amazon), they are going to seek status symbols in new areas (for instance NFT profile pictures). The math itself makes sense- number of people with an internet connection x ease of money flow x people participating in the same marketplace that is borderless.
I mean honestly Kevin, honestly- seriously? Come on.
If I ran an e-commerce store that sold anything non-essential, and what one would deem luxurious, I would be jumping on this. To get branded in front of the eyes of millions per day by coding up a few items in a 3D rendering engine is insane. The potential output for so little input has literally never been higher!
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