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by embedding-shape 102 days ago
> is going to be orders of magnitude funnier than the NFT/web3 implosion, I can't wait.

When was that? Seems I missed it, the market cap of cryptocurrencies in general seems to still be around ~2.5T USD, way above what I thought an "implosion" would mean.
1 comments
parliament32 102 days ago
Oh crypto is doing fine, no issues there. NFTs however, like all the hype of pictures of monkeys selling for ridiculous amounts of money, that's the implosion I was referring to.
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bombcar 102 days ago
The "blockchain" collapse was covered up by the AI explosion, many of the NFT/blockchain things that would have died out pivoted to be AI (or AI on the blockchain!).
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embedding-shape 102 days ago
> many of the NFT/blockchain things that would have died out pivoted to be AI (or AI on the blockchain!).

I'm guessing you're talking about smaller projects? AFAIK, neither Bitcoin nor Ethereum have anything to do with AI, and combined they're 1.5T USD in market cap, that's not propped up by AI, is it?

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bombcar 102 days ago
Yes - the scam/hype around crypto was always on the "application" of it (or shitcoins) - BTC and ETH have just chugged along as they actually have an underlying use case.
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