Crypto-Crash 2022: Why It’s Time To Stop Lying to Yourself About “The Future”
I’ve recently read an interesting article that stated that most game developers are not interested in cryptocurrency or NFTs. The article, by Ali Shutler, found in a survey of game developers ahead of the Game Developers Conference (taking place from March 21 to April 1 of this year), that more than 70% of game developers are neither interested in NFTs nor cryptocurrency.
“I personally am quite interested in NFTs and cryptocurrency, but many people in my studio and friend circle do not like them and won’t develop for them. I think NFTs need to get a better reputation when it comes to the environment and art theft first, then it might be an interesting way to give digital content unique value,” the article quotes one developer.
And furthermore, another developer took it a step further in saying “I’d be lying if I said I don’t think NFTs are, at best, stupid, and at worst, predatory and ecologically dangerous. Cryptocurrency, I think, can also be a sensitive thing to deal with. Both have had an immense amount of scams pop up in a very, very short while.”
The reason this isn’t necessarily shocking to me is that it falls in line with the sentiments I’ve gathered from developers I’ve spoken to in my personal life. Not to mention the fact that the average user doesn’t even understand what they’re buying. Many developers are not so different from the average person, after all. Many people simply don’t care about the purported, somewhat ethereal benefits of a technology that very few people really care to understand anyway, especially when it’s guaranteed to crash at least once a year it seems. In many people’s own admission, crypto is all about the gains. The crypto market is down right now, so nobody cares. Eventually, it will pump again and we can do this whole thing over again.
Is this the moment that we, the blockchain nerds, have been waiting for? Is this time where we see more people beginning to invest in the companies and not the currency? Do we start to see an evolution in the business world and a pivotal shift in the way companies operate? Will we begin to see companies die out because they are too slow and inefficient in their processes, while other companies begin to rise as they rapidly adapt to the changing business landscape?
Since 2017, anyone could register and generate an LLC operating agreement and distribute its shares all using smart contracts. Forward-thinking real estate firms are tokenizing rental properties, allowing token holders to receive monthly profits and trade and sell their tokens on a secondary market. As the landscape of fundraising capital prepares for another shift as more and more LLCs will be tokenized, now is as good of a time as any to jump on the next big trend.