For someone who only casually watches crypto, is it a full-on emperor has no clothes at this point, or is it actually providing real value and there's just a lot of FUD?
Users exchanged $100M for the ability to mint an NFT on Ethereum. We can argue about NFTs, but I'm confident these users felt like they received something of real value in return.
Nah even Vitalik calls it a scam these days
Could you source that? It’d be a great post to read.
Ironically the Ethereum ecosystem was providing real value before the gas fees got too damn high. It just got too expensive for many use cases to be feasible.
Well, it’s providing significant entertainment value; does that count?