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Are NFTs Good For Anything? Yes, But It's Boring Use Cases, Not Bored Apes

Are NFTs Good For Anything? Yes, But It's Boring Use Cases, Not Bored Apes

Vin Vashishta's avatar
Vin Vashishta
May 15, 2022
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High ROI Data Science
Are NFTs Good For Anything? Yes, But It's Boring Use Cases, Not Bored Apes
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In the early days of every technology, use cases are technology looking for utility. The original GTP models are a good example. They were publicly released with the question, "Can you use this?"

NFTs are different only in the amount of hype behind a technology looking for utility. I don't need an NFT to track my apathetic orangutang. I also don't need a cryptocurrency to make paying for things harder. Most blockchain use cases are Twitter with extra steps or unstable versions of existing solutions.

Is there anything NFTs are suitable for? Yes. What starts as mundane sounding will become groundbreaking. NFTs have really boring use cases. Early work will not be wildly profitable and will be as interesting as chewing gum. What these frameworks will support is more disruptive than any technology before it.

They will be built a lot like AWS was. Amazon needed the infrastructure that eventually became AWS to grow and scale a massive ecommerce platform. The same needs at smaller scales were around in other businesses. They saw the emerging cloud market and turned their platform into a product.

Virtualization and cloud architecture in the early days was as interesting as watching paint dry for anyone who wasn't involved in building it out. Now the cloud is disruptive and drives billions in revenue for the most significant players. It supports emerging technologies like Data Science and will support Web3 even though the hardcore fanatics reject the centralized implications of cloud infrastructure.

NFTs and Data Privacy

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