ERC-721 and subsequent protocols (ex. ERC-1155) could – if all goes well with the token dev itself and then also implementation – preclude that kind of tragedy from ever happening again…
But right now? We’ve got Bored Apes. I don’t even want to link to that, but I will for SEO.
To be clear, I don’t have anything against the trading of absurdist trinkets for absurd sums. I would be happy to see that continue, provided that other, more interesting, practical uses are also explored. But the wya things are progressing, no feels like it could devolve into a vicious cycle. Not just in NFTs themselves, but the general progression of the blockchain ecosystem. I’m very keen on breaking that trend.
And this isn’t just a trend in crypto – its in business in general – and that bugs the fuck out of me. What is “it,” you ask? Hype or, as I like to call it, false/misplaced hope.
So do something about it and start exploring. This hype-y shit’s gotta end, but it only will if enough of us get smart.