I’m a bit lost on how much the word “utility” gets thrown around these days that it’s starting lose it’s meaning.
It sometimes is being used as the pinnacle of every memecoin project and was used a lot for the nft bubble in 2022. Every coin and or nft had to have utility.
But then looking at the “utility” of these tokens, it’s things like:
• Lock your nft for rewards from this pool we bought with minting fee • “Stake” your coins to receive rewards • Use this coin to save on your exchange fees
Yes, I see that crypto can do things, but do we need so many coins to do these things? Does crypto really have this “utility”? How can we bring this back to being a serious thing and add utility to our NFT / coins?
submitted by /u/Doorzetters
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