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How Utility NFTs Will Drive Mainstream Web3 Adoption

Ken Timsit, is Head of blockchain startup accelerator Cronos Labs and Cronos Chain.__________ Non-fungible tokens (NFTs) were perhaps the most publicly followed hype cycle, with celebrities from Justin Bieber to Madonna...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

How Utility NFTs Will Drive Mainstream Web3 Adoption
Ken Timsit, is Head of blockchain startup accelerator Cronos Labs and Cronos Chain.__________
Non-fungible tokens (NFTs) were perhaps the most publicly followed hype cycle, with celebrities from Justin Bieber to Madonna dropping NFT collections for their fans over the past couple of years.
Without an understanding of the potential benefits of NFTs as powered by the underlying blockchain technology, the average person may risk writing them off as merely ‘million-dollar JPEGs’....
Read More: How Utility NFTs Will Drive Mainstream Web3 Adoption

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This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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