The way Bitcoin mixed all these together created a unique product, that’s true, but not revolutionary. It didn’t invent anything new.

I would disagree. Bitcoin was revolutionary even if it didnt "invent anything new". The smartphone converged mobile, computing, and the internet, technologies that were around for decade. I doubt anyone would say that this was not a revolutionary change.

I have mixed feelings about this. I’ve seen the dot com bubble, and that one inflated really fast. Just as fast it hit the ground after a couple of years. This NFT craze (I don’t call it a bubble, just a craze) has all the ingredients for following the same scenario. Over inflated and easily replicable assets, over hyped, looks exactly like how websites were back at the end of the nineties.

Agreed. We are seeing the over exuberance that is typical with new innovations. The present NFT market doesnt make much sense to me and, I feel, will see many lose most of their money. That does not deter from the long term viable of NFTs. In time, it will be an enormous market with solid use cases throughout. We do not appear to be at that point yet.

NFTs will transform our entire ownership model.

Posted Using LeoFinance ^Beta