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TL;DR
There’s this principle that crypto will finally decouple from the normal monetary system.
Everybody (ourselves included) has all the time assumed that Bitcoin could be the primary to decouple…however blockchain gaming beat it to the punch!
Blockchain gaming has made up a big portion of all on-chain transactions for some time now.
The worth/buying and selling quantity of those gaming associated NFTs/tokens have little or no to do with the normal monetary system, and every thing to do with how enjoyable the sport is to play.
The extra enjoyable the sport → the extra customers play it → the extra NFTs/tokens they earn/commerce alongside the way in which.
Full Story
Want to chill off after that final article? We have you…
There’s this principle that crypto will finally decouple from the normal monetary system.
That means, if the broader monetary markets are in a downtrend – like they’re now – crypto will not essentially comply with.
Or higher but, crypto will comply with/create its personal future (aaaw!).
Everybody (ourselves included) has all the time assumed that Bitcoin could be the primary to decouple…
However blockchain gaming beat it to the punch!
Blockchain gaming has made up a big portion of all on-chain transactions for some time now.
However the worth/buying and selling quantity of those gaming associated NFTs/tokens have little or no to do with the normal monetary system, and every thing to do with how enjoyable the sport is to play.
The extra enjoyable the sport → the extra customers play it → the extra NFTs/tokens they earn/commerce alongside the way in which.
(Whether or not we’re in a bull market or bear market – players are going to sport).
However wait…
How does that work? Aren’t ‘blockchain’ and ‘crypto’ the identical factor?
Not precisely. Consider crypto like cash within the banking system, and blockchain like the pc code that permits cash to be moved/spent.
Laptop code (blockchain tech) can be utilized to assist financial methods, positive – however it can be used to construct all kinds of apps, video games, and companies that don’t have anything to do with finance.
Whereas cash (cryptocurrencies) will virtually all the time act as a medium of alternate / monetary instrument in a roundabout way, form, or type.
That mentioned: a win for blockchain can be a win for crypto.
We like to see it!
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