Much like the ICO craze of 2017, money is flowing into NFTs and web3. Unless things change, the current growth may suffer the same results. Regulation and VC ownership. Elon Musk and Jack Doresy recently went on twitter and seemingly agreed that right now venture capital has the upper hand when it comes to web3 properties.
Web3 is already making waves and already offering utility, albeit in a simple form. The ability to gain access to certain areas based on the tokens in your wallet shows promise. Games like Crypto Raiders are already innovating based on tokens held allowing collectors to battle monsters and collect items. It is important to remember how long it took web 2.0 to reach maturity. It wasn’t long ago that the idea of ordering items online felt unsafe.
Their cenacle viewpoints aren’t completely unfounded. With Nike acquiring major NFT Studio RTFKT, adidas entering the NFT space with Pixel Vault and the largest brands in the world joining the nft space en masse, it does appear that the major corporations already have massive plans in the web3 world. It will be interesting to see how the defi purists and corporations ultimately co-exist in this new imminent future.