Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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Current FTX implosion notwithstanding, how seriously should you take crypto, NFTs, and everything else blockchain? Molly White, who runs Web3 is Going Just Great, gave a 15-minute presentation at Web Summit 2022 on exactly that topic — you should watch it (or read the transcript).
Here’s a small snippet:
There will be a web3. The web has been evolving ever since its inception, and there is no doubt in my mind that we are overdue for a fundamental shift. Will it be blockchains and crypto? Venture capitalists and blockchain startup founders really hope that you think so.
I hope that the rest of us will continue working towards utopian goals like the ones I mentioned earlier—the ones that many people who are working in web3 and on web3 projects share—without necessarily being shackled to a technology that holds little promise for the web.
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